Equity mutual funds garnered ₹14,091 crore in September as against ₹20,245 crore in August, according to data from Association of Mutual Funds of India (AMFI).
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.
Wells Fargo upgraded its outlook on US AI infrastructure stocks to neutral from negative, citing improved valuations after a steep semiconductor sell-off. However, it warned
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