Mutual fund managers have slowed down equity purchases in India in July due to caution before the budget and rich valuations. Despite record inflows, they are waiting for policy clarity. Foreign investors continue to pump money into Indian stocks, making it a key factor in the market.
ITC shares rise 2% a day after hitting a 52-week low following GQG’s Rs 9,395 crore stake sale. What lies ahead?
ITC shares rose after Rajiv Jain-backed GQG sold shares worth Rs 9,395 crore, reducing its stake amid a sharp stock decline. Cigarette tax hikes, inflation