Inflows to income/debt-oriented schemes of Rs 51,427.58 crore helped industry AUM cross Rs 27 lakh crore milestone.
The bond market reacted as the 10-year government bond yield spiked to 6.82 per cent levels, meaning mark-to-market losses for the banks.
Engineering & Construct-ion major Larsen & Toubro’s shares fell to a three-month low as it shed 2.16 per cent on the BSE.
Karvy had said that Sebi’s November 22 interim order that barred it from using PoA was hurting its more than 2,000 clients.
Auto makers, however, saw a pick up in sales during the Diwali season.
Nifty-50 index closed 13.15 points or 0.11 per cent higher at 11,890.60.
Foreign portfolio investors were net buyers of equities worth Rs 1,870.87 crore which helped market to move up further.
Tata Motors gained 17.86 per cent while Yes Bank gained 55.37 per cent during the one hour trading session.
Infosys declared an interim dividend of Rs 8 per share with record date of October 24.
Equity markets are cautious and watchful about the earnings season which at this juncture looks less enthusiastic.