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Foreign Institutional Investors (FII) continued their selling spree in the Indian equity market, offloading shares worth Rs 26,610 crore across 16 sectors in the first half of February, according to NSDL data. Financial services bore the brunt of the outflows, followed by FMCG, capital goods, oil & gas, and consumer services. Meanwhile, selective buying was seen in telecom, healthcare, IT, and chemicals. The relentless foreign selling comes amid global risk-off sentiment, concerns over interest rates, and profit-booking post-Budget. Heres a detailed look:
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New York City sued the Trump administration after $80.5 million in federal funds meant for migrant shelters was abruptly rescinded. The lawsuit claims the withdrawal was executed unlawfully without notice, raising concerns over improper use of payment systems for political purposes.
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Coffee farmers are facing challenges such as rising production costs, climate change, and labor shortages, despite surging coffee prices. Specialty coffee producers are concerned about sustainability and future prospects, as climate change impacts their crops and international market conditions remain volatile.
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