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Mumbai: Indian equity gauges defied hardening oil prices and local bond yields to advance nearly 1% Thursday, snapping a week-long losing streak, as the dollar retreated to its lowest in three months and yields on US long bonds cooled from levels last seen during the subprime crisis two decades ago. The Nifty rose 153.55 points,…
If professional investors are worried that the rise in global bond yields will derail a bull market in stocks, you’d never guess it by looking at what they’re doing with the money they manage. Bank of America Corp’s latest survey of global fund managers shows they have 56% of their portfolios in equities, the highest…
Asian bonds declined and the dollar remained under pressure after a rally in Treasuries faded, with investors betting that US efforts to contain borrowing costs through buybacks may offer only a temporary reprieve. Bonds in Australia and New Zealand opened lower after 30-year US bond yields rose Thursday even as Treasury Secretary Scott Bessent flagged…
Mumbai: The capital-markets regulator Thursday allowed foreign portfolio investors (FPIs) to execute power of attorney documents using digital signatures in a move aimed at cutting delays and simplifying the onboarding process for overseas investors. The latitude offered by the Securities and Exchange Board of India (Sebi) with the power of attorney (PoA) documents is expected…
MUMBAI: Domestic funds drove the private credit market in the first half of 2026, accounting for 74% of deal value and nearly 79% of transaction volume, as investments reached $3.5 billion across more than 100 transactions above $10 million, according to an EY report. Private credit investments were broadly similar to the second half of…
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) has warned Niva Bupa Health Insurance and Acko General Insurance for exceeding prescribed Expenses of Management (EoM) limits in FY25 and barred both insurers from opening new places of business for six months. EoM includes costs such as operational expenses and distribution costs incurred by…
Axis Bank and Max Financial are in talks for the former to raise its stake in their insurance joint venture and also a potential reverse merger of Axis Max Life with its listed promoter parent. The company reported a 17% rise in individual adjusted first-year premium, a 33% increase in value of new business (VNB),…
Mumbai: Overseas investors remained net buyers across sectors in the first half of August, marking the fourth consecutive fortnight of inflows and the strongest run of purchases for a two-week period since early February, NSDL data showed. Financial services attracted the highest foreign buying during the period, followed by automobiles & auto components’ stocks, consumer…
The three main U.S. equity indexes closed lower on Thursday as rising Treasury yields dented risk appetite, disappointing results from retail bellwether Walmart soured investors on the consumer sector and rallying oil prices fanned inflation worries. Walmart shares fell sharply after it missed Wall Street expectations for quarterly comparable sales as rising gasoline prices had…
Consumption funds are thematic mutual funds that tap into India’s consumption-focused sectors and stocks. According to the Value Research data list, there are a total of 37 thematic consumption funds. However, out of these, only two funds have delivered more than 10% SIP returns over the last three years, while one scheme has given returns…