Stock market live on June 12, 2023: Sectorally, Pharma, Consumer Durables and Private bank indices lagged with slim losses. While Realty index led gains, rising 1 per cent

A total of 2,457 complaints against companies and market intermediaries have been disposed of through Sebi’s SCORES platform in May.
At the beginning of May, as many as 2,984 complaints were pending, and 2,626 fresh complaints were received, according to the data released by markets regulator Sebi on Saturday.
The regulator also noted that as of May 2023, 28 complaints were pending for more than three months, the data showed.
These complaints were related to investment advisers, research analysts, corporate governance/ listing conditions, minimum public shareholding, venture capital funds and takeover/ restructuring.
The average resolution time for a complaint was 31 days, as per the data.
In a separate public notice, the markets watchdog Sebi mentioned 12 entities against whom complaints have been pending for more than three months on SCORES as of May 2023.
The entities included Brightcom Group Ltd, Ankur Jain, Research Guru, Umesh Kumar Pandey proprietor — Aurostar Investment

Foreign Portfolio Investors (FPIs) continued their buying stance and pumped in close to Rs 9,800 crore in Indian equities this month so far, on strong economic growth and attractive valuations of stocks.
This came following a nine-month high investment of Rs 43,838 crore in equities in May, Rs 11,631 crore in April, and Rs 7,936 crore in March, data with the depositories showed.
Before that, FPIs had pulled out over Rs 34,000 crore during the January-February period.
Further, the outlook for FPI flows in the rest of June is positive as the Reserve Bank of India (RBI) has signaled that it will not be raising interest rates shortly, which is a positive sign for equity markets, Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said.
However, valuation could become a concern as Indian markets continue to surge and stricter regulatory norms could also check foreign money flowing into India to some extent, Himanshu Srivastava, Associate Direct

After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy.
Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.
“Stable GDP growth, low inflation, investor-friendly policies, and global market sentiments towards emerging economies play a significant role in attracting investments from both mutual funds and foreign portfolio investors (FPIs),” Akhil Chaturvedi, Chief Business Officer at Motilal Oswal AMC, said.
According to the data available from the Securities and Exchange Board of India (Sebi), mutual funds infused a net sum of Rs 2,446 crore in equities as compared to a net withdrawal of Rs 4,533 crore in April.
However, there is a disparity in May’s investments between mutual fund

Six of the top 10 most-valued firms suffered a combined erosion of Rs 83,637.96 crore in market valuation last week, with Tata Consultancy Services (TCS), Hindustan Unilever and Infosys taking the biggest hit, amid an overall tepid trend in equities.
Last week, the BSE benchmark climbed 78.52 points or 0.12 per cent, while the Nifty gained 29.3 points or 0.15 per cent.
The market valuation of TCS tumbled Rs 35,694.04 crore to Rs 11,74,720.15 crore, the most among the top 10 firms.
Hindustan Unilever’s valuation eroded by Rs 18,949.45 crore to Rs 6,19,281.77 crore and that of Infosys fell by Rs 13,549.34 crore to Rs 5,25,374.14 crore.
The market capitalisation (mcap) of State Bank of India went lower by Rs 7,675.16 crore to Rs 5,16,378.05 crore and that of ITC tanked Rs 5,903.31 crore to Rs 5,44,906.44 crore.
Bharti Airtel’s mcap declined by Rs 1,866.66 crore to Rs 4,64,396.71 crore.
However, Reliance Industries added Rs 18,233.31 crore taking its market valuation to Rs 16,79,156.