Tag: Markets

Jun 22

Markets rise for the second day

Benchmark indices rose for the second straight day on Tuesday, as investors lapped up beaten down quality stocks on firm global cues. Softening crude oil prices further boosted the investor sentiment. Barring China, most Asian indices gained in Tuesday’s trade, with Taiwan TAIEX and Hang Seng climbing 2.4% and 1.9%, respectively. While the Nikkei 225 […]
Jun 22

AMFI nod to MFs to resume subscription to overseas funds

The Association of Mutual Funds in India (AMFI) clarified on Tuesday that AMCs (asset management companies) may resume subscriptions and make investments in overseas funds and securities up to the headroom available without breaching the overseas investment limit utilised by individual mutual funds and AMCs as on February 1, 2022. The assets under management of […]