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Wealthtech platform ZFunds launches India’s first AI assistant for new-age wealth managers
ZFunds has launched ZIVA, an AI-powered assistant aimed at helping mutual fund distributors and wealth managers streamline workflows, improve client engagement, and automate portfolio analysis. The platform, tested in a pilot phase, claims to significantly reduce workload while enhancing efficiency through data-driven insights and multilingual support.
Market Wrap: Sensex drops 516 points, Nifty closes below 24,200 amid fresh Iran-US escalations, smallcaps outperform
Indian stock markets experienced a second consecutive day of losses, with the Sensex and Nifty 50 falling over 0.6% each due to escalating Iran-US tensions. The Sensex closed down 516 points at 77,328, and the Nifty 50 dropped 150 points to 24,176. Meanwhile, the smallcap index bucked the trend, closing in the green and outperforming the benchmarks.
Exclusive: We are building a full-scale investment solutions firm, says Jio BlackRock CEO | Q&A
Jio BlackRock Mutual Fund rapidly climbs to 29th among 52 fund houses, manages about Rs 18500 crore, plans GIFT City SIFs, ETFs and commodity focused ETFs in coming months
BSE wants more participation and products, not just a bigger market share, says CEO
Sundararaman Ramamurthy believes India’s mutual fund penetration remains low relative to the country’s population, leaving significant room for growth as financial awareness and retail participation continue to rise.
Market outlook: 3 technical analysts chart the next move for Sensex, Nifty
Broader markets defied the benchmark indices as the Nifty Midcap 100 was up 0.10 per cent, and the Nifty Smallcap 100 indices also gained 0.37 per cent
No AI, poor returns drive Dalal Street investors to foreign markets
Indian investors are increasingly shifting money overseas in search of diversification amid weaker domestic market returns, persistent foreign fund outflows, and a record-low rupee. Overseas investments in equities and debt rose 60% year-on-year to over $2.2 billion in the 11 months through February.
Exclusive | Jio BlackRock gets GIFT City nod; to launch commodity ETFs in 3 months, says Sid Swaminathan
Jio BlackRock Mutual Fund gets IFSCA nod to start GIFT City operations, eyes global access for Indian and foreign investors, plans commodity ETFs in gold and silver soon
Markets Debate If Japan Sold Treasuries When Intervening in Yen
The Federal Reserve’s custody holdings of Treasuries fell for the first time in a month at a time Japan was likely intervening to support its currency, with markets debating whether the nation offloaded US securities to fund its yen purchases.
Sensex drops 400 points, Nifty near 24,200; broader markets slip into the red
Indian stock markets experienced a second day of decline, with both the Sensex and Nifty 50 shedding over half a percent. The Sensex fell approximately 400 points to 77,448, and the Nifty 50 dropped 113 points to 24,214. Despite this dip, midcap and smallcap indices showed resilience, outperforming the broader benchmarks. Market volatility remained stable.
Stock Market LIVE: GIFT Nifty signals negative start; Asia markets down on renewed US-Iran tension
Sensex Today | Stock Market LIVE Updates Friday: The GIFT Nifty indicated that the Nifty50 will start the day on a negative note. Asian markets were trading in losses on renewed US-Iran tension
Sensex Today | Stock Market Live: GIFT Nifty hints a weak opening; US, Asian markets fall - Moneycontrol.com
Sensex Today | Stock Market Live: GIFT Nifty hints a weak opening; US, Asian markets fallMoneycontrol.com
Dalal Street likely to open in red amid weak GIFT Nifty cues
Indian stock markets saw a mixed trading day on May 7. The Sensex experienced volatility due to its weekly expiry. Analysts suggest a breakout above 24,400 could lead to further gains. India VIX, a measure of market fear, declined significantly. Foreign and domestic investors were net buyers of shares.