AIFs are privately pooled funds investing into listed and unlisted asset-classes structured as early-stage start-up funds, late-stage Pre-IPO funds, infrastructure funds, real-estate funds, special credit funds investing in performing or distressed credit, long-only funds, hedge funds and many more as per Sebi’s category I, II & III classification. Minimum investment ticket in AIF is Rs 1 crore (Angel Funds it is Rs.25 Lakhs).

“Gig economy is the ultimate mascot of good economics of demand and supply without any interventions coming together and converging. Organisations will move towards a smart solution model where there would be a blend of permanent, critical workforce side by side with optionalities of temporary work and they would have freelancers and gig workers as also apprentices. ”

The stock quoted a 52-week high price of Rs 442.95 and a 52-week low of Rs 274.0.

A total of 119,848 shares changed hands on the counter till 11:01AM (IST).

Promoters held 63.99 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 16.07 per cent and 1.83 per cent, respectively.

Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 101955.34 Crore) operating in Gas & Petroleum sector.

The Relative Strength Index of the stock stood at 41.55 on Wednesday.

The Nifty Auto index closed 1.25 per cent up at 11832.55.

US consumer confidence fell sharply in June, following a decline in May, as concerns over high inflation left US consumers anticipating weaker economic growth in the second half of the year, the US Conference Board said overnight.

"As equity markets decided that a recession isn’t good for stocks, after all, the Dollar index managed to unwind almost all of last week’s retreat in just one session. The dollar-yen exchange rate was back above 136 this morning, and the Indian rupee took a pasting to a new all-time low," said Jeffrey Halley, Senior Market Analyst, Asia Pacific, OANDA.