NFOs: Marketing hype or investment opportunity? Consider NFOs only if they fill a gap in your portfolio
Unlike IPOs (where investors benefit from listing gains if shares are priced below their fair value), NFOs are not available at a “discount”. (AI image) The flood of NFOs is not abating. Some 25 new funds were launched in August, and the rush has continued in September. Four NFOs are open right now, and seven…
Big trade boost: India, UAE aim to double bilateral non-oil, non-precious metal trade to $100 billion; what’s on the agenda
The ministerial delegation, comprising over 70 representatives, aims to boost exports in sectors including textiles. (AI image) India and the UAE are looking to reach a figure of $100 billion trade in non-oil and non-precious metal segments – double from the levels right now. The plan has been outlined to achieve the target in the…
Stock market today: Nifty50 opens in red; BSE Sensex drops below 82,900
Market experts anticipate the upward trajectory to persist, with tariff-related developments influencing short-term market sentiment. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday. While Nifty50 was below 25,400, BSE Sensex was down almost 150 points. At 9:16 AM, Nifty50 was trading at 25,393.55, down…
