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FPIs invest $1.40 billion in Indian IT stocks in July, highest since 2022
Credit: IndiaTimes- Published on August 7, 2024
In July, foreign portfolio investors invested a net worth of 117.63 billion rupees in Indian IT stocks, the highest since 2022's sectoral reclassification. Analysts attributed this to potential US interest rate cuts and positive earnings reports from companies like Tata Consultancy Services and Infosys. However, the financial...
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