Local funds have sold equities worth ₹1,642 crore in August, the highest in 17 months, data from Sebi shows. This is the third month in a row when domestic fund deployment shrunk. Monthly inflows had peaked at ₹37,799 crore in May.
State-owned Engineers India Ltd (EIL) reported an over 3-fold on-year jump in net profit to Rs 302 crore for the third quarter ended December 31,
Market veteran Madhusudan Kela advises investors to focus on wealth creation and ignore market noise, viewing volatility as an opportunity. He emphasizes the importance of
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