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Over 10 mutual funds increased exposure to stocks like Multi Commodity Exchange of India, GE Vernova T&D India and National Aluminium Company in February, with three turning multibaggers and delivering up to 140% returns in FY26.
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Australian stocks closed higher on Tuesday. The Reserve Bank of Australia increased interest rates by 25 basis points. This move was anticipated by the market. A close vote on the decision reduced expectations for another immediate rate hike. Miners and financial companies saw significant gains. Global markets also showed stability.
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Japan’s Nikkei index fell on Tuesday, ending a four-day decline. Chip-related stocks and rising oil prices impacted the market. Early gains were erased as crude prices rebounded. Technology shares weakened after Nvidia’s presentation. Investors reacted to the lack of major surprises from Nvidia. Kawasaki Kisen and Daiichi Sankyo saw significant gains.
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Oil prices rose around 3% on Tuesday, ​clawing back some of the previous session’s losses on renewed supply fears, with the Strait of Hormuz largely shut and U.S. allies rejecting calls to deploy warships to escort tankers through the key chokepoint.
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