Adding to concerns of a tight labor market and runaway inflation, data on Tuesday showed an acceleration of unit labor costs in the second quarter, which suggested strong wage pressures will help keep inflation elevated.
Five mutual fund NFOs and one SIF are set to open for subscription this week, offering investors fresh opportunities across index, ETF and thematic categories.
Nifty 50 traded within a narrow range, closing slightly higher amid rising volatility and weak momentum indicators. Markets remain in consolidation, with key resistance and
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