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Markets watchdog Sebi on Monday proposed a relaxed regulatory framework for the passively managed mutual fund (MF) schemes in a bid to reduce compliance requirements.

Gold ended last week on a lower note, dropping to a two-week low due to a stronger dollar and higher bond yields, said Prathamesh Mallya, DVP- Research, Non-Agri Commodities and Currencies, Angel One. The dollar surged to a near two-month peak, making gold more expensive for non-dollar holders, while U.S. 10-year yields reached a near two-week high.

The Dow Jones Industrial Average rose 67.34 points, or 0.17%, at the open to 39,186.20.

Gold and silver prices remained stable at Rs 72,350 per 10 grams and Rs 90,300 per kg respectively. In Delhi markets, spot gold prices stayed unchanged.

Positive chart pattern like higher tops and bottoms is intact. The underlying trend of Nifty remains positive. The market is racing towards the next upside target of 24,400 levels in the near term. Immediate support is placed at 23,980 levels, said Nagaraj Shetti of HDFC Securities.

​Brainbees Solutions Limited, which operates FirstCry.com, was India’s largest multi-channel retailing platform for mothers’, babies’ and kids’ products, in terms of GMV, for the year ending December 2023.

Murugappa Group is a prominent Indian conglomerate, encompassing nine listed companies with a combined market capitalization of Rs 4.36 lakh crore.

The IPO, with each share having a face value of Rs 10, consists of a fresh issuance worth Rs 800 crore and an offer for sale totaling up to Rs 2,200 crore by the promoters and existing investors. As part of the OFS, Bupa Singapore Holdings and Fettle Tone will be divesting their stakes.

With retail investors continuing to be on a buying spree using the mutual fund route, the trend of stake sale by promoters in NSE500 companies looks on track to cross the Rs 1 lakh crore mark.

Bulls kicked off July with optimism as Monday closed in positive territory. The 30-stock S&P BSE Sensex concluded the day at 79,476.19, marking a gain of 443.46 points or 0.56%, while the broader Nifty finished at 24,141.95, up by 131.35 points or 0.55%.