Puneet Pal of PGIM India AMC suggests that recent FPI outflows from Indian debt markets are likely due to profit-taking and narrowing interest rate differentials, not fundamental weaknesses. He highlights the attractiveness of 3-6 year AAA PSU bonds due to stable rates and appealing spreads. Pal recommends a 12-18 month investment horizon for short-term and corporate bond funds.
US stocks today: Dow posts closing record high, S&P 500, Nasdaq muted as AI rally pauses
US stocks ended mixed as the Dow hit a record closing high driven by healthcare and consumer gains, while tech and chip stocks lagged. Banking