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Equity mutual funds saw broad losses last week, with 554 of 578 schemes ending in the red and only 24 posting gains. Nifty50 and Sensex fell over 2%, while global indices also slipped. Quant Commodities Fund, Motilal Oswal schemes, and tech funds ranked among the biggest losers.
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Pharma and IT stocks faced heavy pressure after Trumps 100% tariff and H-1B visa fee hike, dragging Nifty lower. Laurus Labs showed a topping pattern while Wockhardt stayed in consolidation. Nifty IT broke support, hinting further downside. Analysts suggest cautious trading, with Tata Motors and VTL offering potential bullish setups.
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Larry Ellison's relationship with Donald Trump has drawn scrutiny as the tech billionaire and his son strive to become major media moguls.
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News and Media
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