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Foreign investors continue to show confidence in the country's equity market, infusing Rs 14,167 crore so far this month, largely driven by favourable global cues and robust domestic fundamentals. Notably, this inflow has come despite the ongoing military tensions between India and Pakistan.
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The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,60,314.48 crore last week, with Reliance Industries taking the biggest hit, in line with a sluggish trend in equities. Last week, the BSE benchmark dropped 1,047.52 points, or 1.30 per cent.
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Germany's new top diplomat Johann Wadephul called on Saturday for "serious discussions for a ceasefire" in Gaza, where the humanitarian situation "is now unbearable". On Tuesday, new German Chancellor Friedrich Merz voiced "considerable concern" about the Gaza conflict and demanded that Israel "respect its humanitarian obligations".
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