Stock market weakness impacted the portfolios of India’s top investors in the March quarter. Rekha Jhunjhunwala, Mukul Agrawal, and others saw significant declines. Portfolio values decreased between 5% and 31%. Madhusudan Kela and Ashish Dhawan’s portfolios were relatively stable. Few major investors made fresh purchases exceeding 1% during this period. The data reflects a challenging quarter for prominent individual investors.
Dollar flat near one-week high as investors await Warsh’s Jackson Hole debut
The euro and sterling were subdued near one-week lows against the greenback, last at $1.1652 and $1.3597, respectively, though both remained on track for a