Global Market Today: Asian stocks follow Wall Street higher, oil gains
Asian equities opened higher, mirroring Wall Street’s optimism that more tankers could navigate the Strait of Hormuz. Despite a rebound in Brent crude, concerns over potential supply disruptions and inflation persist as central banks prepare for key meetings this week.
At 92.43/$, rupee almost makes a new all-time low
The Indian rupee neared its all-time low at 92.43/$ on Monday, with the Reserve Bank of India intervening to defend the currency. Despite recent losses due to rising oil prices from the Iran war, the rupee saw relative stability, coinciding with a rebound in Indian equities. Analysts predict continued RBI defense to keep the rupee […]
Three companies get nod for IPOs, three withdraw
The Securities and Exchange Board of India has given the green light for initial public offerings from Travelstack Tech, Learnfluence Education, and Tea Post. These companies will now proceed with their plans to raise funds through the stock market.
Investors turn to passive funds as active funds lag
Active equity mutual funds have failed to beat their benchmark indices over the past year. This underperformance has revived the debate on shifting investments to low-cost passive funds. Large-cap, flexi-cap, multicap, midcap, and smallcap funds all lagged their respective benchmarks. Despite this, wealth managers advise against completely abandoning active funds.
Late rally lifts Indian indices over 1% as traders trim bearish bets
Indian stock markets rallied on Monday, with key indices gaining over 1 percent. This surge ended a three-day losing streak. Traders cut bearish bets as the West Asian conflict showed no fresh escalation. The Nifty closed at 23,408.8, and the Sensex ended at 75,502.85. The market’s fear gauge, VIX, also fell, indicating some relief.
Sebi moves to review MF distributor framework
Sebi has formed a working group to review mutual fund distributor regulations and address overlaps with investment advisers. The regulator is also developing a common advertisement code and a digital platform, Sebi Setu, for investment advisers. A standardized penalty structure and simplified NISM module are also planned, amidst concerns over a decline in registered investment […]