Stake of local institutions in Indian cos hits new high

Domestic institutions have reached an all-time high ownership of 18.72% in Indian firms, surpassing foreign investors whose stake fell to a 14-year low of 16.6%. This shift is driven by steady inflows from systematic investment plans, wealthy individuals, and increased equity exposure from pension funds, with mutual funds leading the charge.

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Gold, silver retreat as dollar ticks up

On Tuesday, both gold and silver experienced a pullback after a recent upward trend. The strengthening U.S. dollar has made these precious metals more expensive