 |
|
|
|||||
Foreign Institutional Investors (FIIs) have continued their selling trend in August, offloading equities worth 25,564 crore, bringing the year's total to 1,57,440 crore. High valuations in India compared to other emerging markets and concerns over IT sector growth are key drivers. However, a potential rate cut by the Federal Reserve may ease the selling pressure.
Category:
News and Media
Markets closed higher for the second week, boosted by GST reform optimism, though profit booking trimmed gains. FIIs continued selling, but DII support cushioned the impact. Analyst Sudeep Shah suggests Nifty faces resistance at 25050-25100 and support at 24650-24600, while Bank Nifty lags, with consumer durables and auto sectors showing strength.
Category:
News and Media
A GKB Ophthalmics virtual AGM turned explosive when a shareholder, owning just one share, fiercely criticized the management's performance and governance. Abhishek Kalra questioned Managing Director Krishna Gopal Gupta's credentials and demanded his resignation within ten days, citing poor returns. Gupta's exasperated response about Kalra's minimal stake further fueled the online frenzy, highlighting the company's recent stock decline.
Category:
News and Media
All news |
||||||||||||||||||
|
||||||||||||||||||