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The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency in the manner of investment, and enabling MFs to diversify their overseas investments, Sebi said in a circular.
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The impending expiration of the 2017 Tax Cut and Jobs Act presents a crucial decision for the next president. With both Trump and Harris favouring its extension, the law's survival seems likely, potentially marking the end of an era of unchecked tax cuts and spending increases.
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Nifty's short-term trend remains downward, with potential for further weakness. The next key support level to watch is around 23,500, aligning with the 200-day EMA. Any rebound from this level is likely to encounter strong resistance near 24,200, according to Nagaraj Shetti of HDFC Securities.
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