The S&P 500 index, a benchmark for many stock funds, rose 1.4% and finished 9.1% higher for July. A rebound in technology stocks, big retailers and other companies that rely on direct consumer spending helped power the index’s broad gains this month. The index is still down 13.3% for the year.
BofA Securities enters Kaynes Technologies via Rs 42 crore block deal; stock down 48% in six months
BofA Securities acquired 1.16 lakh Kaynes Technologies shares via a block deal, while the stock continues a multi-month downtrend despite rising revenue and quarterly profit