Since Indian IT exporters earn more than half of the revenue from banking, financial services, and insurance (BFSI), and manufacturing clients in the US and Europe, they are perceived to be a direct proxy to the economic growth in the developed markets.
A recent rebound in benchmark indices has improved short-term market momentum, but it is not yet strong enough to signal a sustained bullish trend.The share
Among debt fund schemes, overnight funds recorded redemptions of ₹40,227 crore followed by money market funds with an outflow of ₹29,207 crore, and low-duration funds,
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