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Going ahead, the trend of FPIs buying is likely to continue in the coming days, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
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The Federal Reserve's preferred price metric and consumer demand data support the recent interest-rate cut and Chair Jerome Powell's view of a strong economy. The personal consumption expenditures price index rose slightly in August, reflecting a slowdown in inflation. Investors will monitor upcoming Fed official remarks and various economic data releases.
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Global leaders are attending a New York 'Summit of the Future' to address challenges like conflict and climate change. UN Secretary-General Antonio Guterres has called for vision and courage. The 'Pact for the Future' aims to bolster multilateralism, but some diplomats have found it lacking in ambition.
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News and Media
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