Here are the key Indian market, economy and personal-finance developments to know this morning, compiled from leading business news sources.
Key points
- Indian benchmark indices Sensex and Nifty closed at their highest levels in nearly two months supported by net buying from foreign investors. [1]
- SEBI has directed mutual fund houses to make direct plans the default option on digital platforms effective November 1. [2]
- Quant Mutual Fund has reduced its exposure to IT stocks and increased investments in the FMCG sector as part of profit-booking. [3]
Top headlines
- Explained: Why Sebi wants mutual fund investors to switch to direct plans — Economic Times, 04 Nov, 05:50 IST
- RBI launches 3 surveys to capture inflation expectations, consumer confidence ahead of December policy meeting — Economic Times, 03 Nov, 20:40 IST
- Quant Mutual Fund reduces exposure to frontline IT stocks as part of profit-booking exercise — Economic Times, 03 Nov, 15:56 IST
- RBI's Rs 50,000 crore VRRR faces muted response from market — Economic Times, 04 Nov, 06:48 IST
- Loan growth, fall in provisions help SBI profits in Q2 — Economic Times, 03 Nov, 21:33 IST
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This brief was prepared with AI assistance from publicly available news headlines; numbers in [brackets] link to the original articles. It is for information only and is not investment advice or a recommendation. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Sahare Wealth, AMFI-registered Mutual Fund Distributor, ARN-151469.