S&P 500, Nasdaq open at record high levels on trade talk hopes
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
24 minutes ago
- Economic Times
Markets headed for new highs by Diwali, says Nischal Maheshwari; calls every dip a buying opportunity
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
The Hindu
36 minutes ago
- The Hindu
Rupee rises 42 paise against US dollar in early trade
The rupee appreciated 42 paise to 85.34 against the US dollar in early trade on Tuesday (July 1, 2025), as the American unit plunged to a multi-month low and a positive trend in domestic equities boosted sentiments. Forex traders said the US dollar index weakened in the overseas market as U.S. President Donald Trump's growing influence on Federal Reserve policy revived fears over the central bank's independence. Moreover, brent crude prices remained subdued, offering a buffer to India's import bill and helping cool inflation. At the interbank foreign exchange, the domestic unit opened at 85.66 against the greenback. In initial trade, it witnessed a high of 85.34, registering a rise of 42 paise over its previous close. On Monday (June 30), the rupee settled 26 paise down at 85.76 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.17 per cent to 96.71. The US Dollar Index plunged to a multi-month low of 96.614, rattled by fresh political noise. President Donald Trump's growing influence on Federal Reserve policy — including plans to replace Fed Chair Powell — has unnerved investors and revived fears over the central bank's independence, CR Forex Advisors MD - Amit Pabari said. Brent crude, the global oil benchmark, went down 0.24 per cent to USD 67.61 per barrel in futures trade. "The USDINR pair is expected to find strong support near 85.20–85.40, with a rebound toward 86–86.50 likely in the coming days amid weak domestic data, equity outflows, and global uncertainty," Mr. Pabari added. Sensex, Nifty in green Meanwhile, in the domestic equity market, Sensex advanced 200.92 points or 0.24 per cent to 83,807.38, while Nifty rose 57.85 points or 0.23 per cent to 25,574.90. Foreign institutional investors (FIIs) offloaded equities worth ₹831.50 crore on a net basis on Monday (June 30), according to exchange data. On the domestic macroeconomic front, India's industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025 due to poor performance of manufacturing, mining and power sectors caused by the early onset of Monsoon, according to official data released on Monday. The central government's fiscal deficit fell to 0.8 per cent of the full-year target at the end of May, mainly due to a whopping ₹2.69 lakh crore dividend received from the Reserve Bank of India.
Time of India
40 minutes ago
- Time of India
Confused about investment in stocks, gold & silver? Simplify it with multi-asset mutual funds!
With gold , silver , and equity market rallying and investors confused about which one to choose for investment, the market experts recommend that given the current geopolitical backdrop, political uncertainty, and global inflationary pressures, investors should prioritize a multi asset strategy as diversification helps in mitigating risk during turbulent times. 'Given the current geopolitical backdrop including the Israel-Iran conflict, global inflationary pressures, and political uncertainty, investors should prioritize a multi-asset strategy. Diversification across asset classes can help mitigate risk during such turbulent times. In such an environment, multi-asset funds become an ideal choice for the consumer as they offer exposure across equity, debt, commodities, and precious metals,' Viraj Gandhi, CEO, SAMCO Mutual Fund shared with ETMarkets. Also Read | Sensex vaults 11,000 points from April lows. Which mutual funds should you buy? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » He further shared that multi asset funds provide automatic rebalancing, professional management, and dynamic allocation, which is especially useful during times of elevated volatility and this is not the time to be overly aggressive. Therefore, the path lies in maintaining a diversified portfolio that can absorb shocks and still participate in potential upside, Gandhi recommended. Another expert mentions that gold prices have rallied due to global macro uncertainties and central bank buying, silver has benefited from both industrial demand and its traditional role as a precious metal, has also gained significantly whereas equity markets are hitting all-time highs, supported by high FII inflows, strong earnings outlook and macro stability. Live Events 'Due to these positive trends, this category might attract investors. However, one should remember that diversification should not be done at a fund level as it becomes difficult to reallocate across asset classes as and when required,' Chethan Shenoy, Executive Director & Head - Product & Research at Anand Rathi Wealth Limited shared with ETMutualFunds. Out of 29 multi asset funds, the majority of funds hold over 65% allocation in equity, 25% in debt and nearly 10% in others which includes gold/commodities. DSP Multi Asset Allocation Fund is an exception which holds nearly 88% in others. (Data source: ACE MF) Post witnessing the allocation, Shenoy mentions that the uniformity across most schemes limits both diversification and flexibility and since the equity portion is often large-cap heavy, investing across multiple such funds may still not provide meaningful diversification. He further advised that instead of relying on multi asset allocation funds , investors should consider reaching their desired asset class exposure at the portfolio level and allocating to multi asset funds may not be the most efficient choice, especially when similar or better results can be achieved through a customizable equity-debt mix. Also Read | JioBlackRock Mutual Fund: 3 NFOs open for subscription today. Should you invest? In the current calendar year so far, multi asset allocation funds received a total inflow of Rs 11,054 crore, the second highest among all hybrid categories. Among six-hybrid mutual fund categories, in March, multi asset allocation funds received the highest inflow of Rs 1,670 crore. The total AUM of multi asset funds was recorded at Rs 1.18 lakh crore as on May 31, 2025. As these funds are gaining investors' interest, Pradeep Kesavan, Fund Manager and Equity Strategist at SBI Mutual Fund recommends multi asset funds along with flexi cap and balanced advantage funds as a good option for new investors with a moderate risk profile. In the last one year, there were 24 multi asset allocation funds, of which eight gave double-digit, 14 gave single-digit whereas two gave negative returns. WOC Multi Asset Allocation Fund offered the highest return of 15.71% in the last one year, followed by DSP Multi Asset Allocation Fund which gave 13.30% return. Aditya Birla SL Multi Asset Allocation Fund was the last one to offer double-digit return and it gave 10.40% return in the last one year. HSBC Multi Asset Allocation Fund offered the lowest positive return of 4.53%. Shriram Multi Asset Allocation Fund and Motilal Oswal Multi Asset Fund lost 3.23% and 9.01% respectively in the last one year. Shenoy is of the opinion that despite the recent performance, multi-asset allocation funds may not fully capitalize on each asset's potential due to their preset allocation structures and these funds remain equity-heavy, and do not offer significant differentiation from equity funds. 'If investors are already defining their asset mix at the overall portfolio level, adding a multi-asset allocation fund could lead to redundancy or concentration, especially if the fund is skewed toward equity,' he added. Also Read | 11 equity mutual funds multiply investors' lumpsum investment by over 4.3 times in 5 years 'Hence, investors should consider avoiding multi-asset allocation funds and instead opt for individual exposure to equity and debt based on their financial goals and risk profile. This allows for the ideal strategy for better returns, long term growth and wealth creation,' Shenoy recommends. According to the Sebi mandate, multi asset allocation funds invest in at least three asset classes with a minimum allocation of at least 10% each in all three asset classes. One should always invest based on their risk appetite, investment horizon, and goals. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
