The Indian rupee strengthened by 50 paise to 95.24 against the US dollar on Friday after the Reserve Bank of India (RBI) announced new policy measures. Forex traders said investor confidence improved after the RBI relaxed rules for foreign portfolio investors (FPIs) to invest in government securities. Rupee rises after RBI policy decision, reaches 95.24…
Indian stock markets opened in the red on Friday as rising fuel prices across the country and strengthening global crude oil rates weighed on investor sentiment, although global markets remained focused on the ongoing summit between the US and China. The newly increased prices of fuel are displayed at a petrol pump in Malvan. (Reuters)…
A multi-cap fund gives a minimum 25% fixed allocation to each: large, mid-cap and small-cap. stock. This ensures diversification, but with limited flexibility for the fund manager. In flexi-cap funds, the fund manager dynamically allocates large, mid and small-cap stocks depending on market conditions. Stock market information on the platform of the New York Stock…
Stock markets continued to fall for the third straight session on Monday, with the benchmark Sensex falling 1,313 points as rising crude oil prices weighed on investor sentiment following the failure of peace talks between the US and Iran over the ongoing conflict in West Asia. The 30-share BSE Sensex fell 1,312.91 points or 1.70…
