Top news and market movers ⚡ this week: 2nd Oct’ 20

Best news

US President Donald Trump and first lady Melania Trump have tested positive for Covid-19. S&P 500 fell down by 0.96percent Friday after the information came out.

IPOs continue to gain traction in the markets. IPO of Mazagon Dock has been oversubscribed by 157 times this past week. On the flip side, Chemcon and CAMS debuted with stellar listing day gains of 115% and 23% respectively, over issue cost.

Principal Mutual Fund has established the NFO for Principal Large Cap. The fund will invest in a diversified portfolio consisting of equity and equity related securities of Large Cap companies such as derivatives. The NFO closes on 12 October.

Mirae Asset Mutual Fund has established the NFO for Mirae Asset Ultra Short Duration. The finance will mainly invest in portfolios composed of cash & money market instruments.The NFO closes October.

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