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The IT index gained 0.8% and closed at record levels while the benchmark Nifty closed marginally lower. LTI Mindtree and Mphasis gained 3% and 2.4% respectively. Persistent Systems, HCL Technologies, Wipro and Infosys advanced over 1% each. Out of the 10 stocks in the IT Index, 8 advanced while 2 declined on Tuesday.
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News and Media
Systematic investment plans (SIP) stayed stable even as total flows to growth-oriented funds shrank 14%, to 35,943 crore, from October's 41,887 crore.
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News and Media
Following the fall of Sheikh Hasina's government, Bangladesh has witnessed a surge in Islamic radicalism. Around 1,500 secular symbols, including sculptures and cultural institutions, were vandalised between August 5 and 14. The Indian Cultural Centre in Dhaka was also burnt down.
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News and Media
MobiKwik secured Rs 257 crore from anchor investors, including major funds, ahead of its Rs 572 crore IPO. The IPO, priced at Rs 265-279 per share, opens December 11-13. The company plans to use the proceeds for growth, expansion, and R&D. MobiKwik recently turned profitable after years of losses.
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News and Media
Markets regulator Sebi on Tuesday came out with new guidelines for stock exchanges, clearing corporations and depositories to ensure robust capacity planning and real-time performance monitoring of their critical IT systems.
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News and Media
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