Warburg plans finish fundraising on its India-focussed fund, which will target industrial sectors such as financial, manufacturing and consumer, by the first half of next year.

The mid-cap index has underperformed the Sensex by less than 30 percent over the past 2 years, while longer-term returns are similar, said Citi Research. “With better risk-reward post underperformance, we would selectively look to add mid-caps,” it said. Citi noted that its top mid-cap stocks have outperformed the mid-cap index by around 7 percent over the past 1 year. Citi Research has refreshed its top mid-cap picks based on analyst views as well as relative preference. Here are the 11 stock ideas:

The RBI has opposed the idea of opening its balance sheet to buy toxic assets of the non-banking finance companies

Indian equity benchmark indices turned range-bound after hitting record highs second time this week on Thursday boosted by the gains in PSU banks.