The Indian market snapped a 3-day losing streak to close in the green on Friday with gains of over 1%. The BSE Sensex rose more than 1000 points while the Nifty50 closed above 25100 levels.
Sebi permits use of mutual funds for IAs, RAs deposit compliance
Sebi has allowed investment advisers and research analysts to use liquid mutual funds and overnight mutual funds for meeting their mandatory deposit requirements, providing an