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Asian stocks saw a slight dip from their peak levels. This followed a downturn in Wall Street markets. Investor sentiment was impacted by a subdued response to Nvidia's earnings report. Despite this, Asian equities continue to outperform global benchmarks this year. Investors are focusing on companies involved in the artificial intelligence supply chain.
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News and Media
The Securities and Exchange Board of India (Sebi) has revamped mutual fund scheme classifications, mandating uniform naming conventions and eliminating the solution-oriented category. New rules also cap portfolio overlaps for thematic equity funds, potentially leading to consolidation and impacting arbitrage fund returns. These changes aim for investor clarity and scheme uniformity.
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News and Media
The National Stock Exchange has invited 15 investment bankers to pitch for managing its upcoming IPO, with JPMorgan Chase and Kotak Mahindra Capital among those in contention. The exchange is expected to file its draft red herring prospectus in April, with existing shareholders likely to offload 4-4.5% of equity. This move follows SEBI's no-objection certificate, ending a decade-long regulatory hurdle.
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News and Media
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