Read the latest business, financial news on Market Biz
For instance, Sebi is planning to introduce Mutual Fund Lite regulations for passive funds, wherein investment decisions are not discretionary, but tied to changes in the underlying benchmark index
Currently trades in India are settled in #39;T 1#39; or one day after the trades are initiated. Instant settlement would ensure trades are settled immediately.
Among sectors, banks were down marginally, while other sectors ended in the green with healthcare and realty added 1 percent each.
A private-sector survey showed on Tuesday China’s services activity expanded at the slowest pace in eight months in August as weak demand continued to dog the world’s second-largest economy and stimulus failed to meaningfully revive consumption.
The broader indices, BSE midcap and smallcap, outperformed the benchmark and rose nearly a percent each to touch fresh 52-week highs
The Nifty faced stiff resistance at 19,500-19,550, which triggered profit-booking. Metal stocks among top Nifty gainers. Tata Steel and Coal India surge nearly 5 percent each
The August series was marked by the liquidation of long positions by FIIs and a rise in rollovers in short bets to the September series. Analysts, however, say while the bears gained the upper hand as far as the Nifty50 is concerned, bulls were the winners in the broader market
A downturn in euro-zone manufacturing eased last month, suggesting the worst might be over for the bloc’s beleaguered factories, while an unexpected rebound in China offered some hope for export-reliant economies, private surveys showed.