Promoters buying shares of their companies is considered positive as they are perceived to know best about their firms’ prospects. Securities and Exchange Board of India regulations permit a promoter to purchase up to 5% equity of his company in a financial year from the open market through the creeping acquisition route.
Wall Street Week Ahead: Fed meeting in focus as investors seek rate-path hints
Investors are closely watching the Federal Reserve’s upcoming policy meeting for signals on potential rate cuts amid concerns about a softening labor market and persistent