Indian IT major shares, including Infosys, Tech Mahindra, HCL Tech, and TCS rallied after US Federal Reserve official John Williams indicated that interest rates could fall “in the near term.” These remarks significantly boosted expectations for a December policy easing (rate cut) by the US Fed.
Sebi clears PRIM route for PMS players to invest in mutual funds, SIFs; Rs 25 lakh minimum ticket
Sebi’s board approved PRIM, allowing portfolio managers to invest client money in direct mutual fund plans, ETFs, index funds and SIFs. The new route carries