Indian equity markets opened the week by setting new records. The indices posted highest single-day gains and record closing as exit polls showed the country is going to get a stable government at the Centre.
Reflecting the turbulence in the capital market and the series of corporate rating downgrades, the inflow into equity schemes of mutual funds was down 60 per cent in April to ₹4,609 crore from ₹11,576 crore logged in March.
Sensex reported small losses while nifty ended almost flat. Broader market witnessed selloff amid volatile crude oil prices and expiry of April F&O contracts. World equity markets slipped amid global growth worries.
Net inflows into equity mutual funds jumped by as much as 130% from a net inflow of Rs 5,122 cr. in February 2019. Balanced funds faced a higher net outflow of Rs 3,181 cr. in March 2019, versus an outflow of Rs 1,077 cr. in the month prior.
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