Foreign portfolio investors (FPIs) are back with a bang in the Indian equity market in September on hopes that the US Federal Reserve would start reducing interest rates soon, triggering more fund flows into emerging markets.
Memory stocks showed initial promise but are now faltering, weighed down by anxiety surrounding the artificial intelligence market. Sandisk and Western Digital reported declines, while
Skyways Air Services plans a ₹399 crore IPO to repay debt and fund working capital. The company’s promoter stake will decrease significantly after the initial
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