Indian benchmark indices end positive on Wednesday
Mumbai, Nov 22 (IBNS): The Indian market closed higher on Wednesday, with BSE Sensex up 83.20 points at 33561.55 and NSE Nifty up 15.40 points at 10342.30.
Top gainers included Adani Ports, Zee Entertainment, HDFC, BHEL, SBI, GAIL, Ultratech Cement, Ambuja Cements, and Asian Paints while Idea Cellular, Dr Reddy's Labs, Tech Mahindra, Axis Bank, Lupin, Bajaj Finance, Bharti Airtel, Bharti Infratel, Aurobindo Pharma and NTPC declined.
Media reports quoting the Association of Mutual Funds in India (AMFI) said that equity mutual funds registered an inflow of over Rs 16,000 crore in October, supported by strong participation from retail investors, which resulted in total inflow into such funds to over Rs 96,000 crore in the first seven months of the ongoing financial year.
AMFI also said that Indian mutual funds have currently about 1.73 crore (17.3 million) SIP accounts through which investors regularly invest in Indian Mutual Fund schemes.
AMFI data showed that the MF industry had added about 8.86 lacs SIP accounts each month on an average during the FY 2017-18, with an average SIP size of about ₹3,250 per SIP account.
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