Foreign Institutional Investors (FIIs) have continued their selling trend in August, offloading equities worth ₹25,564 crore, bringing the year’s total to ₹1,57,440 crore. High valuations in India compared to other emerging markets and concerns over IT sector growth are key drivers. However, a potential rate cut by the Federal Reserve may ease the selling pressure.
Pristine Logistics confidentially files IPO docs with Sebi
Pristine Logistics and Infraprojects has confidentially filed its DRHP with Sebi for an IPO. The rail-focused multimodal logistics company is expanding terminals, warehousing and cargo