Indian market bounced back but Nifty50 could face some resistance above 17700-17750 levels, suggest experts. Indian benchmark indices underperformed the broader indices on Wednesday. We expect current volatility to persist as investors are cautious regarding another 75bps rate hike by the US Fed, Mohit Nigam, Head – PMS, Hem Securities, said.
Mutual fund NFOs: 6 new funds to open for subscription this week; ICICI Prudential MF to launch 3 life cycle funds
Around six new mutual fund schemes will open for subscription between August 24 and August 28. The upcoming launches include three target-date life cycle funds