JPMorgan Chase is on track to include India in its emerging market debt index from June with most of its clients ready to trade, according to the firm’s global head of index research. “Based on the annual Index Governance Consultation process, market feedback so far has been largely positive, with the majority of our index clients already set up to trade in the IGB market,” MD Gloria Kim said.
Open Flip✅GIFT Nifty (Earlier SGX Nifty) signals a positive start. ✅India VIX, which is a measure of the fear in the markets, rose 6.5% to settle at 18.20 levels. ✅The U.S. dollar had a soft tone in early Asian trading on Friday. ✅Foreign portfolio investors were net sellers at Rs 6,994 crore on Thursday. ✅The Indian rupee closed little changed at 83.5 on Thursday.
Open Flip📌BPCL reported a consolidated net profit of Rs 4,789.57 crore in Q4 FY24, a decline of 30% YoY. 📌Solara Active Pharma Sciences approved a rights issue to raise Rs 449.95 crore. 📌ADF Foods' revenue from operations was Rs 153 crore in Q4 FY24. 📌Brigade Enterprises has inked an agreement for a prime land parcel located on Old Madras Road in Bengaluru.
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