Along the way, the summer rally faltered even after the S&P 500 recouped half its bear-market decline incurred between January and June, defying a 50% indicator that’s touted as a tool with a perfect record of calling the start of a new bull. The June low gave way, as did a series of round numbers and key trendlines such as the 100-day average.
LIC cuts stake in 16 PSU stocks as portfolio soars to Rs 14 lakh crore
LIC cuts stakes in 16 PSUs, profit booking seen. Portfolio value surges to Rs 14 lakh crore in 2024, up by Rs 1.6 lakh crore.