Following Jerome Powell’s dovish comments at the Jackson Hole Symposium, U.S. stocks rallied in anticipation of a rate cut by the Federal Reserve in September. All major indexes rose, driven by gains in megacap stocks and regional banks. Powell’s remarks indicated a shift towards multiple rate cuts, boosting investor sentiment.
Sebi permits use of mutual funds for IAs, RAs deposit compliance
Sebi has allowed investment advisers and research analysts to use liquid mutual funds and overnight mutual funds for meeting their mandatory deposit requirements, providing an