An FPI is barred from making fresh purchases of a stock on the floor of the exchange once its stake in the company exceeds 10%. This stems from the regulation under which the entire holding is treated as foreign direct investment (FDI).
Fragile US-Iran talks: Gold rises to Rs 1.53 lakh; silver jumps nearly Rs 10,000. What’s next?
Gold and silver prices surged in India, tracking global trends, weaker dollar, and US-Iran dialogue hopes. Gold rose 1% while silver jumped 4%, amid thin