The Association of Mutual Funds in India (AMFI) will announce the stock re-categorization in the first week of January 2025 and may increase the market cap categorization which highlights the changes in large, mid and small cap, according to the predictions by Nuvama Alternative Research.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.