Based on the assets under management (AUM) of Nifty-based exchange-traded funds (ETFs) of ₹1.7 lakh crore, the index changes related to the HDFC-HDFC Bank merger-could result in buying and selling of stocks worth over ₹48,000 crore based on prices as on the end of July, said ICICI Securities.
US dollar makes weekly gains on renewed trade deal optimism
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.