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So far in 2023, Nifty has fallen over 3% amid weak global cues. However, the Indian equity market felt some relief last week when the RBI, in a surprise move, decided to keep the repo rate unchanged at 6.50%.

Not only in times of volatility, even otherwise, clients should follow asset allocation, where your investments are bifurcated in risk-free and risk-based investments.

American asset manager Nuveen and Dutch development bank FMO have put in Rs 165 crore each in Arohan while Piramal Alternatives and a European development financial institution invested Rs 200 crore each.

The Mauritius Revenue Authority (MRA) has launched a probe into the finances of at least seven investment managers (IMs) who advise funds on stocks in markets such as India. The MRA is said to be questioning the fees earned by the IMs and the extent to which income is transferred to entities in other countries. Mauritius previously attracted foreign investors thanks to its affordable fees and business-friendly laws. However, other jurisdictions embarked on a crackdown on tax havens prompting tax offices to seek substance in investment structures.

The April F&O series had started with high futures open interest of `2.2 trillion, largely led by FPI shorting index futures. FPIs’ shorts were about 91% in total share of their open interest in index futures. Extremely oversold conditions and global risk-on have enabled domestic equities to recover smartly.

Canadian investor Brookfield has agreed to invest $1bn in Avaada Ventures to support green ammonia plans and scale up renewable energy, in what would be the largest investment by a clean energy company in one go. Vineet Mittal, founder of the Avaada group, signed a formal agreement with Brookfield, with the first tranche of $400m already disbursed. The remaining $600m will be disbursed based on performance-linked milestones.

The infusion of debt capital will happen through a jointly-formed special purpose vehicle (SPV) which would float instruments like debentures that Indiabulls and Oaktree would subscribe to.

The loan was linked to the Euribor or Euro Interbank Offer Rate, which is the interest rate at which a panel of European banks borrow funds from one another.

Further, with the start of the fourth quarter earnings season, there will be stock specific action and IT majors TCS and Infosys will be in focus ahead of results later this week.

Gold prices fell on Monday as the dollar firmed after the U.S. non-farm payrolls report pointed to a tight labour market and raised the odds of another rate hike by the Federal Reserve at its May policy meeting.