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Data provided by CRISIL Market Intelligence and Analytics to ET showed that MF investments in AT-1 bonds crashed to ₹5,382 crore in April 2023, from ₹25,057 crore in January 2020.

Foreign investors have started to buy India back, partly because they are coming to India and realising the story is intact, two, because they are surprised by the resilience of the market and three, because they have started selling China again.

Oil prices increased on Tuesday due to the expectations that the debt ceiling deal in the US will spur more demand, although the gains were capped by fears of further interest rate rises and the possibility that OPEC+ will maintain output quotas. Brent crude futures climbed 0.5% to $77.42 a barrel, while US West Texas Intermediate crude went up 0.7% to $73.20 a barrel. The debt ceiling deal has led to greater buying in riskier assets, while lower than expected US oil stockpiles have also added support.

​It is a 2-day pattern with a green candle and followed by a short candle within the green candle’s range in an uptrend. This pattern suggests an upcoming change in the current bullish trend.​

The US dollar fell slightly against a basket of major currencies after the US debt ceiling was agreed. The dollar index, which tracks the US currency against six major peers, eased to 104.17, down 0.125% on the day. Investors remained cautious as lawmakers still need to pass the 99-page bill before the current debt limit of $31.4tn is reached on Monday. Although Treasury Secretary Janet Yellen said that the government would default if Congress did not increase the debt ceiling by 5 June, the uncertainty is likely to persist until the issue is resolved.

The MD & CEO is expected to function under the overall supervision, direction and guidance of the board and at the same time, maintain independence in performance of duties. At times, however, we have noticed the dominance of CEOs in board discussions and decision making.

Benchmark indices rose to their highest level in nearly six months led by the financials, with the Sensex briefly surpassing the 63,000-mark before trimming some of its gains.

Jefferies Financial Group Inc. last week raised the weighting of Indian stocks in its Asia Pacific ex-Japan model portfolio to reflect the disappointments in the Chinese stock market after a strong rally earlier this year.

Shares of the Mumbai-based automotive company ended at ₹1,325.05 apiece, up 3.7% from the previous close. It was the top index gainer and among the best performers in the NSE 500 universe.

In a disclosure filed with the stock exchanges on March 10, ICICI Bank had said that it had received an extension from the Reserve Bank of India (RBI) for divesting its shareholding in ICICI Lombard General Insurance Company Limited.