SWF and global central banks accounted for 6.4% and 2.7% of the total FPI holding. The assets under management (AUM) of the government owned funds rose by 33% annually in the past two years to Rs 7.7 lakh crore, while the total FPI equity AUM grew by 25%.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created