Ace investor Rekha Jhunjhunwala significantly boosted her stake in Canara Bank, acquiring an additional 1 crore shares. This move aligns with positive market sentiment for PSU banks, potentially driven by increased foreign investment caps. Jhunjhunwala also increased her holdings in Federal Bank and Titan Company, underscoring her continued confidence in India’s financial and consumption sectors.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.