LIC Mutual Fund is lowering maturities across debt schemes and investing in up to five-year notes, as India’s rate cut-led bond market rally is largely over, chief investment officer at the asset manager said on Thursday.
Why did market rise today? Sensex soars 890 pts, Nifty closes above 24,250; 4 factors behind Rs 4 lakh cr gains on D-Street
Indian stock markets experienced a significant surge on Wednesday. Benchmark indices Sensex and Nifty both rose over one percent. This occurred despite a sharp increase