HDFC Life (+2.90%) is the top Nifty 50 gainer with 3% gain.
Nifty Bank, Financial Services, Oil & Gas, and Media indices are each trading with about 1% gains.
The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty 100 Low Volatility 30 Index in similar weight proportion.
Even though the Japanese markets were shut for a holiday, Nikkei futures trading in Chicago indicated a bullish sentiment.
UBS’ acquisition of Credit Suisse wipes off $17 billion of Credit Suisse bonds.
To achieve the investment objective, the scheme will follow passive investment strategy with investments in stocks in the same proportion as in Nifty Smallcap 50 Index.
Uncertainty hangs in the air.
Amidst volatile trading, S&P 500 futures climbed 0.7%.
Sensex added nearly 600 points in early morning trade tracking a rebound in global equities.