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The Daily

Nuvama Wealth rallies over 4 percent on Sebi's nod to sponsor a mutual fund

In January 2025, the company had informed exchanges about the application seeking approval to act as the sponsor for Nuvama Mutual Fund. This would enable it to launch mutual funds as well as Specialized Investment Fund (SIF).

India’s mutual fund AUM is currently
~20% of GDP (versus over 100% in mature
markets),

 » Read more about: Nuvama Wealth rallies over 4 percent on Sebi's nod to sponsor a mutual fund  »

Soundhound AI, Ionq, Occidental, Ondas Holdings And Tesla: Why These 5 Stocks Are On Investors' Radars Today

The U.S. stock market finished higher on Thursday, as the Dow Jones Industrial Average edged up nearly 0.2% to 46,519.72, the S&P 500 added 0.06% to 6,715.35, and the Nasdaq climbed about 0.4% to 22,844.05.

These are the top stocks that gained the attention of retail traders and investors through the day:

SoundHound AI Inc.

 » Read more about: Soundhound AI, Ionq, Occidental, Ondas Holdings And Tesla: Why These 5 Stocks Are On Investors' Radars Today  »

Asian shares are mixed as tech shares lead Wall Street ticks to more records

MANILA, Philippines (AP) — Asian shares were mixed on Friday after heavy buying of tech shares led benchmarks on Wall Street to more records.

US. futures and oil prices were higher.

Markets have largely shrugged off the shutdown of the U.S. government after Democrat and Republican lawmakers failed to reach agreement on funding.

 » Read more about: Asian shares are mixed as tech shares lead Wall Street ticks to more records  »

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