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Consumer Confidence Hits 6-Month High In August
RUNSTUDIO By Jennifer Nash The Conference Board’s Consumer Confidence Index hit a six-month high in August. The index rose to 103.3 this month from July’s upwardly revised 101.9. This month’s reading was better than expected, exceeding the 100.9 forecast. The Present Situation Index, which is based on consumers’ assessment of current business and labor market…
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Year-ender 2024: FII selling crosses Rs 1 lakh crore in 2 sectors. Will 2025 see a U-turn?
Even as foreign investments in Indian equities remained patchy in 2024, Foreign Portfolio Investors (FPIs) were quite severe on two sectors viz. financials and oil & gas where they sold shares worth over Rs 1 lakh crore. They have been net sellers in a month on five occasions while remaining net buyers seven times. As…