FPIs have turned to the primary market, investing $6.4 billion in Indian equities via IPOs and QIBs up to August 19, 2024, amid high secondary market valuations. They have been net buyers in the primary market for 11 consecutive months but net sellers in the secondary market during seven of the past twelve months.
US markets fall as Middle East concerns offset earnings optimism
US markets saw a dip as American stocks fell. Early gains vanished due to renewed worries about the Middle East conflict. This overshadowed positive corporate