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He told a conference that interest rates will rise until the ECB considers that the inflation can be brought down to its medium-term target of 2% as quickly as possible.

As such, managers of AIFs have flexibility to adopt any valuation methodology by disclosing the same to investors in Private Placement Memorandums (PPMs) of schemes of AIFs managed by them.Currently, the modalities relating to valuation of investment portfolio of the AIFs are not disclosed in the PPMs at the time of submission to Sebi and also not reported to the regulator subsequently.

The RBI is very close to the terminal rate

At the close, Nifty settled at 17,859, shedding 132 points or 0.74%. In 5 days of 2023, the indices lost around 3%. Except NiftyFMCG, all other indices ended in the red, with Nifty IT logging the maximum cut of 2%.

Proceeds from the fresh issue will be used for investment in its material subsidiary BDJ Oxides. It will use Rs 45 crore in repayment of borrowings availed by its arm, Rs 5.31 crore will be used for setting up a Research & Development centre, Rs 65 crore will be used to fund the long-term working capital requirements of its material arm.

Weak global cues are largely weighing on sentiment in the absence of any major trigger from the domestic front. We may see some breather in the Nifty index after the recent slide but the tone is likely to remain negative, citing the weak structure of several index heavyweights. Participants should align their positions accordingly while keeping a check on leveraged trades

The Nifty Auto index closed 0.23 per cent down at 12627.8.

The average price realisation improved to Rs 9,650 per square feet, up 21.9 per cent from the corresponding quarter of last year.Achieved highest-ever quarterly sales volume of 1.47 million square feet, with an increase of 11.6 per cent compared to the previous year

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Sensex ends 452 points lower at 59,900, and Nifty slides 133 points to settle at 17,859