The Daily

Do you want to park your money for a year or more? Are you looking for the best after-tax returns? Consider investing in arbitrage mutual funds.

Arbitrage funds look for arbitrage opportunities available between the cash and derivatives markets. In other words, the fund managers in these schemes look for the price difference that they can exploit between the cash and derivatives markets.

 » Read more about: Best arbitrage mutual funds to invest in May 2025  »

The largest selling was seen in Adani Enterprises shares, with mutual funds trimming their holdings by over Rs 346 crore in April. This was followed by Adani Energy Solutions and Ambuja Cements, where funds reduced stake by Rs 302 crore and Rs 241 crore respectively.

 » Read more about: Mutual funds cut exposure to Adani Group, shares worth over Rs 1,160 crore sold in April  »

Australia’s ASX 200 bucked the broader market trend, gaining 0.64% on Friday morning. Banking, mining, and gold stocks led the gains.

Commonwealth Bank of Australia rose 0.32%, while National Australia Bank (NAB) advanced 0.90%. 10-year US Treasury yields tumbled overnight,

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Sensex and Nifty are expected to open higher on Friday, May 16, as traders respond to progress in trade talks between India and the United States. This follows a strong rally earlier in the week, supported by easing tensions along the India-Pakistan border and hopes of improved global trade relations.

At 8:12 am,

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HONG KONG (AP) — Shares were mixed Friday in Asia after Wall Street drifted higher as reports suggested the Federal Reserve may have more leeway to cut interest rates later this year to support the U.S. economy if it weakens under the weight of President Donald Trump’s high tariffs.

 » Read more about: Asian shares are mixed after Wall Street’s rally steadied  »