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Auto sector mutual funds have surged 10.49% in three months, second only to international funds. Experts attribute the rally to rising incomes, GST relief, festive demand, and EV launches, but caution that high valuations may warrant selective profit booking and a long-term investment view.
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Seve upcoming IPOs, including Lenskart, Groww, and Pine Labs, are showing grey market premiums of up to 21%, signalling strong investor interest ahead of a busy week on Dalal Street.
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News and Media
The dollar strengthened to a near three-month high, driven by anticipation of U.S. economic data that could influence the Federal Reserve's hawkish stance. Meanwhile, the yen weakened significantly against the dollar due to interest rate disparities. Investors are closely watching upcoming economic indicators for insights into the U.S. economy's health.
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News and Media
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