Friday, December 15, 2023

IT, pharma likely to be biggest beneficiaries of FII inflows. Here#39;s why

IT, pharma likely to be biggest beneficiaries of FII inflows. Here#39;s why In Wipro, TCS, LTIMindtree and Infosys, FII stakes are 2-3 percentage points below the peak holding during rate hike cycle. For Tech Mahindra, the difference is as wide as 9 percentage points. With rate cycle turning, the view is big deal wins will soon resume from large clients

from Moneycontrol Market Outlook https://ift.tt/KIQFJ1g

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...