Sebi proposes allowing portfolio managers to invest overseas, in to-be-listed securities

India’s markets regulator is looking to simplify compliance requirements for portfolio managers, aiming to broaden investment options to encompass overseas securities and unlisted debt. A novel group of portfolio managers will focus on high-net-worth individuals with reduced entry thresholds. The initiative also seeks to enhance the application of derivatives strategies for clients. Stakeholders are encouraged…

Sensex drops 364 points, Nifty closes below 23,900 as market falls for 4th day on rising Iran-US tensions. What’s ahead?

Indian stock markets extended losses for a fourth session on Thursday. Sensex and Nifty closed lower as oil prices soared significantly. Broader markets also saw declines, with midcap and smallcap indices falling. Mahindra & Mahindra and Tata Consultancy Services shares led gains on Sensex. Adani Ports, Bajaj Finance, and IndiGo shares led the downtrend.