Indian real estate stocks plunged following layoffs at TCS, raising concerns about decreased housing demand from IT professionals, particularly in Bengaluru. Analysts predict a potential ripple effect across major metro cities, with the Nifty Realty Index already significantly corrected. Despite concerns, some analysts remain optimistic, citing attractive valuations and potential benefits from recent interest rate cuts.
NFO flows hit a 5-year low in June quarter, SIPs stay robust
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline