The weightage of private banks in mutual fund schemes was up by 110 basis points (bps) from 16.2 percent in July to 17.3 percent in August.

Stock Market Highlights:  The Indian equity benchmark indices, Sensex and Nifty, ended near day's high on Wednesday led by buying in auto, realty and pharma stocks. Broader indices underperformed, with Nifty Midcap 100 and Nifty Smallcap 100 indexes ending 0.34 percent higher and 0.02 percent lower respectively. Among sectors, Nifty Pharma, Nifty Realty and Nifty Auto gained the most and ended over 1.5 percent, while Nifty Media and Nifty PSU Bank indexes closed over a percent lower. Dr Reddy's and M&M were the Nifty50 top gainers while IndusInd Bank and NTPC were the index top losers.

Chemcon Speciality Chemicals, manufacturer of specialised chemicals has decided to raise Rs 318 crore from the general public via initial public offering (IPO), with price band set at Rs 338-340.

Envision Capital's MD and CEO Nilesh Shah speaks with CNBC-TV18 on markets