Market News
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Sebi issues guidelines for mutual funds on intraday borrowing from banks
Markets regulator Sebi on Friday issued guidelines for mutual funds to undertake intraday borrowing arrangements with financial institutions such as banks. Under the new framework, the board of an asset management company (AMC) as well as the board of trustees will be required to approve a policy governing the use of intraday borrowing facilities. Further, the AMC will also disclose the approved policy on its website, Sebi said in its circular. Sebi said intraday borrowings can be used only for specific purposes -- repurchase or redemption of units, payment of interest or Income Distribution-cum-Capital Withdrawal (IDCW) payouts to unitholders. The regulator also stipulated that the borrowing amount cannot exceed the "guaranteed receivables" expected on the same day. Receivables eligible for such intraday borrowings include maturity proceeds from TREPS (Triparty Repo in Government Securities), proceeds from reverse repo transactions, maturity proceeds from government securities s
INR tumbles to new lifetime lows; Benchmark indices melt amid West Asia conflict and escalating oil prices
The Indian rupee slumped to close at a fresh record low of 92.37 (provisional) against the US dollar on Friday as crude oil prices crossed USD 101/barrel amid the raging West Asia conflict. A stronger greenback, heavy foreign fund outflows and sustained selling in the domestic equity markets further weighed on the rupee. At the interbank foreign exchange, the local unit opened at 92.33 and kept losing ground to hit a fresh intra-day low of 92.47 against the US dollar. It eventually settled at its lifetime low of 92.37 (provisional), down 11 paise from its previous close. Indian shares plunged on Friday to extend their recent string of losses as oil prices climbed back above $100 a barrel amid an ongoing conflict in West Asia involving Iran, Israel and the United States. The Sensex dropped by 1,470 points to close at 74,563, while the Nifty 50 fell 488 points, settling at 23,151.
Want to build immense wealth? Invest in equities the way you buy gold, says Mira Asset's Swarup Mohanty
If you can transfer that ‘buy and hold’ discipline from gold to equity, you will build immense wealth, says Swarup Mohanty, CEO, Mirae Asset Global Investments.
Global markets entering change of eras, but India ticking boxes for FII return: Mirae's Swarup Mohanty
Structural shifts in the dollar, oil markets and global geopolitics are reshaping investor sentiment, says Mirae Asset’s Swarup Mohanty. But improving earnings, stabilizing currency and strong growth could set the stage for foreign investors to return to India.
Mirae Asset merges Sharekhan lending unit to consolidate NBFC operations
Mirae Asset Financial Services (India) merged with Mirae Asset Sharekhan Financial Services on March 11, enhancing their digital retail and high-value secured lending solutions.
US-Iran war, high crude oil prices could shave off as much as 4% from Nifty earnings: Somil Mehta, Mirae Asset Sharekhan
Expert view: Higher energy costs increase input expenses for several sectors, which could pressure margins and reduce overall earnings growth across companies in the Nifty index, said Somil Mehta, Mirae Asset Sharekhan.
RBI issues new rules on how banks can distribute dividends, links payouts to capital strength
The Reserve Bank of India has issued stricter prudential norms for bank dividend payouts and profit remittances. The framework links payouts to capital strength, asset quality, and regulatory compliance to ensure financial stability and adequate capital buffers across banks.
The New Age of Financial Accountability: Why Young India Is Demanding a Transparent Investing Ecosystem
Young Indian investors are reshaping the country’s financial ecosystem by demanding greater transparency, credible research, and accountable financial advice. Digital learning platforms, stronger regulatory oversight from RBI and SEBI, and rising financial awareness are fostering a more mature investment culture focused on informed decisions, long-term wealth creation, and responsible financial influence.
Value emerging in markets; Nifty may rebound 1,000 points from lows: Nuvama AMC
Value is starting to emerge in the equity market after the recent correction, said Nikhil Ranka, CIO – Equity Alternatives at Nuvama Asset Management. Midcaps had already fallen sharply and usually face extra pressure in March due to year-end funding closures. Ranka said leverage in the system is now low, which means even modest buying from lower levels could move markets sharply, allowing the Nifty to potentially gain the first 1,000 points quickly.
Markets in ‘fear phase’, deploy money in autos, banks, capital goods: AlfAccurate’s Rajesh Kothari
The sharp correction in Indian equities triggered by fears of a prolonged war in West Asia should be viewed as a buying opportunity, according to Rajesh Kothari, Managing Director at AlfAccurate Advisors.Benchmark indices declined nearly 3% this week — their steepest weekly fall in over a year — as rising crude oil prices and geopolitical tensions rattled investor sentiment. Financial stocks led the decline, with the Nifty Bank logging its biggest weekly drop in 14 months.However, Kothari believes the selloff reflects sentiment rather than a deterioration in underlying economic fundamentals.“We are currently in a fearful phase of the market. When others are fearful, that’s usually the time to be greedy,” Kothari told CNBC-TV18, advising investors to deploy money gradually over the next 30–60 days rather than attempting to time the market.He emphasised that the outcome of the West Asia conflict is less important for markets than its duration. While companies with exposure to the Middle East could face short-term uncertainty, the broader domestic growth story remains intact.Against this backdrop, Kothari highlighted four sectors that investors should focus on.Autos remain a key bet, supported by strong demand trends and low inventory levels across the industry. February sales data was robust, and leading automakers have reported healthy growth, signalling sustained momentum.Banking and financials are another preferred sector. Credit growth has improved to around 13% from about 8.5% earlier, while asset quality remains strong. According to Kothari, the sector could become a “strong buy on declines” if crude-driven inflation concerns ease.He also sees opportunities in capital goods, particularly companies reporting strong order inflows as India’s investment cycle picks up.Lastly, hospitals stand out as a defensive play. The sector remains largely insulated from geopolitical risks and technological disruptions such as artificial intelligence.“These are strong India stori
IT stocks may bounce back; pharma growth outlook strong: Elara Securities
Bino Pathiparampil, Head of Research at Elara Securities, says HUL’s recovery depends on the execution of its strategy to tap new-age consumption trends as traditional FMCG growth remains muted. He sees near-term rebound potential in IT stocks after sharp corrections, though AI-led growth may take time to emerge. He adds semaglutide could create a $1 billion opportunity in India’s pharma market over the next four years.
MRF inks MoU with Tamil Nadu government to invest ₹5,300 crore to set up a new greenfield manufacturing unit
The proposed plant, is to be located at SIPCOT Industrial Park in Sivaganga district, will manufacture automotive tyres and allied products, MRF said.