However, Vijayakumar cautions that the elevated valuations are still a concern. If the US growth concerns impact global equity markets in the coming days, FPIs are likely to use the opportunity to buy in India.
BI Mutual Fund, managing Rs 12.92 lakh crore, revealed its top stock holdings for February. The fund house heavily invested in banking giants like HDFC
Indian markets closed the week down 5.3% due to the Iran-Israel conflict, a weakening rupee, FII outflows, and fuel supply concerns. Key events this week,
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