Benchmarking norms for portfolio managers unveiled

Sebi on Friday came up with guidelines related to performance reporting and benchmarking by portfolio managers. Managers have to adopt equity, debt, hybrid and multi-asset strategies. A portfolio manager may tag more than one investment approach (IA) to a strategy, but each IA must be tagged to only one strategy. Industry body Association of Portfolio […]

Nifty to reclaim 18400 or correction to continue? 7 things to know before share market opening bell

Indian benchmark indices are likely to open marginally higher on Wednesday, hinted SGX Nifty. Amid mixed global cues, Nifty futures traded 0.43% higher at 18506 on the Singapore Exchange. In the previous session, BSE Sensex declined 104 points to 61,702, while NSE Nifty 50 fell 35 points to 18,385. “Domestic markets succumbed to global pressure […]

Crude oil demand set to increase, prices sustained gains after OPEC+ surprise cut; avoid taking long positions

By Bhavik Patel Crude oil has managed to sustain its gain after OPEC+ cut production. According to the US EIA, despite OPEC+’s surprise production cut, the global oil market will remain in surplus this year and next as demand growth could be hurt by lower-than-expected economic growth in the coming months. However, that statement is […]

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