Some value-oriented funds also did well as the fund managers bet on public sector companies in segments like banks, railways, and defence. Large-cap funds, which need to invest at least 80% of their corpus in the top 100 stocks, trailed due to higher exposure to private banks and IT companies, which underperformed the broader markets.
US stocks today: US stocks rise as Anthropic IPO puts AI spending under scrutiny
Wall Street’s main indexes experienced gains as technology stocks led the rise amid AI investment discussions. Investors are preparing for a busy week of corporate