Anshul Saigal discusses the market’s current narrow focus on companies with certain earnings growth and limited downside. He notes the insurance sector’s recent momentum due to strong results and low ownership, highlighting LIC’s price appreciation.
US inflation tops 4% for first time in three years, keeping Fed hike in play
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.