Foreign Portfolio Investors (FPIs) continued selling off Indian equities in the second week of November, although at a slower pace than the previous week and month. Despite this trend, FPIs increased their investments in the Indian primary market. Meanwhile, domestic funds continued pouring money into the equity market.
LTIMindtree, Wipro, and other IT stocks crack up to 5% amid Powell’s indication of slower rate cuts
IT stocks came under pressure on Monday after US Federal Chair Jerome Powell’s comments suggesting a slowdown in interest rate cuts. Powell highlighted persistent inflation