The Daily

January 17 2025

Why did Indian stock market fall today? Explained with five crucial reasons

Stock market crash: Indian stocks came under significant selling pressure in Friday’s trading session, January 17, driven by a sharp sell-off in banking and IT counters, which caused the frontline indices to end the session lower, breaking their 3-day winning streak.

The sell-off could have been more severe if heavyweights such as Reliance Industries and ITC had not supported the markets,

January 17 2025

A crypto council? Trump plans to make cryptocurrency a national priority with executive order

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From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary,

January 17 2025

Phantom cryptocurrency wallet raises $150M at $3B valuation

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Cryptocurrency wallet provider Phantom Technologies Inc. has raised $150 million in a new funding at a $3 billion valuation.

The Series C round was led by Sequoia Capital and Paradigm. Andreessen Horowitz’s a16z crypto venture capital arm and Variant also participated in the round,

January 17 2025

Key mutual fund trends observed in December 2024

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MUTUAL FUND BRIEFING – DECEMBER 2024

The month of December 2024 saw overall mutual fund AUM contract to ₹66.93 Trillion. December was almost a repeat of October when the sharp correction in the markets led to contraction in AUM. December 2024 also saw sharp outflows from debt funds, which is normal considering quarter end treasury commitments.

January 17 2025

SEBI asks mutual funds to disclose a risk-adjusted return measure called Information Ratio

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This ratio will need to be disclosed on a daily basis

The market regulator has asked mutual funds to disclose Information Ratio (IR) to capture the risk-adjusted return (RAR) ratio of any scheme or portfolio.

This will be applicable only to equity-oriented schemes.

January 17 2025

SEBI mandates mutual funds to disclose information ratio for risk-adjusted returns | Explained

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The Securities and Exchange Board of India (SEBI) has directed mutual funds to disclose a new measure called the Information Ratio (IR) to reflect the risk-adjusted returns (RAR) of equity-oriented schemes. This requirement, announced in a circular on Friday, January 17, 2025, aims to provide investors with a more comprehensive view of a scheme’s performance.

January 17 2025

I.M.F. Raises U.S. Economic Forecast as Other Regions Lag

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The U.S. economy is on track to grow faster this year than previously expected, the International Monetary Fund said on Friday, citing strength in the labor market and an acceleration in investment.

The I.M.F. projects 2.7 percent U.S. economic growth in 2025 in its latest World Economic Outlook report,

January 17 2025

Energy ETF on pace for longest winning streak since 2023

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The S&P 500’s energy sector is on a tear lately, with an exchange-traded fund targeting stocks in that part of the market on pace for its best week since 2023.

The Energy Select Sector SPDR Fund was up 1% in early afternoon trading Friday, on pace for an eighth straight day of gains,

January 17 2025

1 Cash Cow ETF That Beat The Market

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There’s a reason even Warren Buffett advocates his heirs to buy an exchange-traded fund over Berkshire Hathaway when he passes on. They are low-cost, tax-efficient, and, for the most part, transparent.

But not all ETFs are built the same, and the Pacer US Cash Cows 100 ETF has some features that will be highly attractive to some investors.

January 17 2025

US stocks rebound in broad rally on Trump 2.0 optimism

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US stocks rebounded strongly through midday in their final session of the trading week, with the S&P 500 retaking the 6000-point level as consumer discretionary and information tech stocks paced 10 of the benchmark’s 11 industry sectors higher. Real estate slipped.

On Wall St at midday: Dow +1% S&

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