Today the Nifty was down by 80.70 points at 11556.80 and the sensex was down by 247.55 points at 40239.88 In my opinion markets have come down due to the see sawing of the markets, there was no particular reason for markets to come down, accept if SBI bad loan divergence is taken into account. Banking index fell .
Otherwise generally markets are strong.The Assets under management of the Mutual fund industry rose to INR 27 lakh crore as of November, the SIP (Systematic investment plan under Mutual funds is going on well. This keeps the markets afloat and well for the time being, The alarming situation is Rakesh Jhunjhunwala may withdraw to invest $ 25 million in Yes Bank A bank being controlled by a single investor is not a god thing, Banks as I know have a limit of share holding, but a single investor causing influence in a Bank is not a good situation.
