In factor-based investing, stocks are selected based on style factors such as size, alpha, quality, value, momentum and low volatility.

Some old time shareholders of the company said that they have full faith in the current management under Punit Goenka and welcomed the appointment of new independent directors like Piyush Pandey. “We will never stand with Invesco. Invesco will have to take us in confidence and then we will think about it (EGM resolutions),” said another shareholder.

The exchange consolidates its leadership position by garnering 85 per cent share in the country’s agri-derivatives segment during the month as compared to 80 per cent in August 2020.

Invesco Oppenheimer’s proposal to oust Punit Goenka and few other directors of Zee Entertainment’s board by calling an extraordinary general meeting came as music to the ears for investors who have had reservations about the current board’s ability to ride the company out of its current rut.

“Prima facie, this is mildly negative but of course the impact will be more medium term in terms of how things pan out. ”

The NSE barometer ended the day within its recent consolidation range of 17,250-450, despite hitting a fresh all-time high. Analysts said the bulls lack conviction at highs.

Saurabh Mukherjea, the founder and chief investment officer of Marcellus Investment Manager, has argued that in India, the public should not confuse a large market share for monopolistic practice.

Nifty50 formed a small-bodied bearish candle on the daily scale, but saw the highest ever daily close.

“Chemicals are a good place to look at. It has been a structural story for at least half a decade or little bit more than that. Although a lot of the stocks have run up within IT, look at companies which are working on the banking and the financial sector clients. Real estate again is coming out of the woods after many years.”

In the Nifty pack, 32 stocks closed in the green, while 18 stocks ended in the red.