Auto stocks top FPIs’ sell list in second half of Feb

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The automobile sector witnessed the highest outflows in the second-half of the month as these investors dumped shares worth ₹3,279 crore after selling to the tune of ₹690 crore in the first-half of the month. In 2024, foreign investors pulled out over ₹16,000 crore from the sector.

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Hiren Ved suggests that geopolitical tensions are hindering market breakouts despite strong monetary stimulus from the RBI. The Nifty’s range-bound movement reflects these opposing forces,

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