Foreign fund managers increased selling of Indian equities in early August due to tariff concerns, a weak rupee, and poor corporate earnings. Financial services and IT stocks experienced the most significant selling pressure. Investors offloaded shares worth ₹34,022 crore across various sectors, driven by muted earnings expectations and uncertainty surrounding India-US relations, impacting market sentiment.
Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out
Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The