Credit risk funds, which invest at least 65% of their corpus into AA+ funds and lower, have seen outflows of ₹8,000 crore in the last three months.
Next level of support for Nifty is at 11420
Nifty midcap index went down by close to 4 percent
Sharp cuts in bank deposit rates in the last one year have prompted investors to sift a portion of their money to traditional products like government bonds and post of
Metals would remain under pressure especially weakness coming through from the international markets, said Pushkaraj Kanitkar, AVP - Technical Research at GEPL Capital.