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Lastly, we have a moderate investment portfolio wherein the risk taken by investors is medium. He will want to invest in a combination of risky and safer investments. Of the total investment, 40% would be in equities and 50-60% would be in fixed income and gold. In addition, for new investors we would not suggest investing in real estate as the ticket size is large.

Brent crude rose 11 cents to $91.91 a barrel at 0001 GMT, after climbing $2.94 in the previous session.

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NARCL has offered ₹228 crore for Mittal Corp debt held by public sector banks (PSBs) totalling ₹1,414.5 crore, people aware of the development said. This equates to a recovery of 16% for these lenders.

An LoC is a document that gives a degree of assurance that an obligation - like servicing of interest and repayment of a loan - will be ultimately met. But, unlike an irrevocable guarantee, an LoC is not a firm promise.

In a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled by the September 30, 2022 long stop date, causing the agreement to be terminated automatically.” He did not elaborate on what these conditions were.

The regulator said it has noticed these entities have been luring the public with a promise of high returns, through pamphlets and social media platforms. The public is advised to do proper due diligence before trusting their money in such unauthorised schemes, Sebi said.

Oil majors Exxon Mobil Corp and Chevron Corp rose more than 5%, tracking a jump in crude prices as sources said the Organization of the Petroleum Exporting Countries and its allies are considering their biggest output cut since the start of the COVID-19 pandemic.

Investors also took heart from stability at the long end of the gilt market, even though emergency purchases from the Bank of England were only relatively modest.

The last time TD Sequential suggested a reversal to rally in Adani Ports’ shares was in 2015, and a 55% drop followed. However, those who made trades following a 2007 sell signal by the indicator on Adani Enterprises, the first one since its public market debut in 1999, faced losses.