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Despite foreign investor concerns, UTI AMC's Amit Premchandani sees value in Indian equities, emphasizing valuations and earnings quality over short-term flows. He favors large caps, BFSI, healthcare, and autos, anticipating growth from policy measures and sector-specific drivers. Premchandani also highlights the contrarian potential of the IT sector, citing attractive valuations and potential for growth recovery.
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News and Media
President Trump fired Federal Reserve Governor Lisa Cook, citing mortgage fraud allegations, escalating his conflict with the Fed over interest rate policy. This move raises concerns about the Fed's independence, crucial for managing inflation and maintaining economic stability. Investors fear political influence could destabilise markets and increase borrowing costs.
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News and Media
Vikran Engineering's Rs 772 crore IPO opens today, featuring a fresh issue and offer for sale, closing on August 29. With strong GMP, listing is expected on September 3. The company, backed by anchor investors and pre-IPO placements, will use IPO proceeds for working capital.
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News and Media
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