Foreign institutional investors (FIIs) are returning to the Indian stock market after a period of selling. They’ve invested heavily in financials, particularly HDFC Bank, boosting its market cap. While some analysts are optimistic about this revival, others remain cautious due to high valuations and slowing growth.
Sunil Gold India files draft papers with Sebi to float IPO
Sunil Gold India Ltd is preparing for its initial public offering. The company plans to raise funds through a combination of new share issuance and