Defence ETFs saw gains after Operation Sindoor. Groww and Motilal Oswal Defence ETFs rose significantly. A defence ETF fund of fund also showed strong returns. This surge is attributed to India-Pakistan tensions and government support. The defence budget has tripled in a decade. PM Modi emphasized self-reliance in defence. Experts advise diversified equity funds over single-sector investments.
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.