My view is that it is a bear market rally in the US. The reason to be sceptical about the rally in America is that you have a double whammy – tightening of higher rates and shrinking balance sheets – which is negative for liquidity.
The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities,
The initial public offering (IPO) of Unimech Aerospace will open for subscription on Friday. The issue closes on December 17. Through the public offer, the
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