U.S. stocks dropped, with the Nasdaq losing over 1%, as investors grew cautious after Iran fired missiles at Israel. Energy and defense stocks rose, while airlines fell. The Dow, S&P 500, and Nasdaq all declined. Market volatility increased and traders speculated on future Federal Reserve rate actions. Investors were also wary of upcoming job data and ongoing port strikes.
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