Equity mutual funds betting on information technology stocks, mid-caps and small caps have yielded the highest returns for investors who put money in these products through Systematic Investment Plans (SIPs) in the past decade.

The fines are for flouting licence conditions by denying Jio adequate points of interconnection (PoIs) in 2016, which affected the quality of services. This comes shortly after the government unveiled a series of measures to help the debt-laden sector.

While State Bank of India (SBI) and Union Bank of India picked up 13.27 per cent stake each, representing a cumulative 3.88 crore shares in the National Asset Reconstruction Company Ltd (NARCL), PNB subscribed to 12.06 per cent stake (1,80,00,000 shares).

In another transaction, Kotak Mahindra International sold 680,000 shares of Banswara Syntex at Rs. 153.2 apiece through a bulk deal on the NSE.

Booming demand for consumer electronics and supply chain disruptions across the globe have led to an acute shortage of chips, forcing a number of car companies to drastically cut production as they try to secure limited semiconductor supplies.

The government is expected to introduce the Electricity (Amendment) Bill, 2021 in Parliament soon. The bill is the latest attempt by the Centre to reform a sector that has seen incremental reforms for the past 25 years without ever dealing with the issues that plague it.

At Tuesday’s seven-day variable rate reverse repo auction worth Rs 2 lakh crore, RBI set the cutoff rate at 3.99 per cent, just shy of the repo rate of 4.00 per cent.

The 30-share BSE Sensex was up 7.45 points at 59420.72

The Nifty IT index closed 0.72 per cent down at 35028.0.

The Dow Jones Industrial Average rose 77.26 points, or 0.22 per cent, at the open to 34,467.98.