Why did Sensex, Nifty surge nearly 1% despite Israel-Iran conflict? Here’s what experts say

Every fresh negative headline may cause temporary jitters, but the broader trend remains bullish, says a market expert   The benchmark indices Sensex and Nifty rose nearly 1 percent on Monday, driven by gains in IT and oil stocks, value buying and a rebound in global equities amid easing crude oil prices despite tensions in…

Big MFs reduce cash holdings in May; over 60% of equity schemes see a dip

Out of 43 mutual fund houses analysed, 16 increased their cash holdings while 27 reduced them. The largest cuts came from some of the biggest fund houses. Most experts remain positive on Indian markets. In a recent note from Bandhan Mutual Fund, they highlighted that India has been the top performing market globally over the…