Sensex trades flat, Nifty near 24,000 ahead of US Fed meet; IT pack shines

Benchmark indices Sensex and Nifty traded largely flat on Tuesday. IT stocks advanced, led by Infosys, while broader markets showed mixed performance. Investors weighed global tech sell-offs against falling oil prices and potential US-Iran deal progress. Attention now turns to the U.S. Federal Reserve meeting which begins later today. Foreign institutional investors sold equities while…

India’s crorepati list is growing but the problem is who will manage their money

India’s ultra-rich population is rapidly increasing, creating a significant advisory gap. The number of wealthy individuals has grown substantially, demanding more skilled wealth managers. This shortage is driving up costs and competition for experienced financial advisors. Firms are investing in technology and talent to manage this expanding client base. The wealth management sector faces challenges…