Motilal Oswal Mutual Fund is one of the top institutional investors in Kalyan. These rumours had resulted in Motilal Oswal shares falling 12% in the past three trading days and Kalyan’s shares tumbling 20% in the past week and 33% in a month.
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.
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