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Market expert Sunil Subramaniam believes the US-India bilateral trade agreement (BTA) is the key international trigger for the market's next rally. While domestic mutual funds have provided support, a significant market surge depends on the return of foreign institutional investors (FIIs) following a successful BTA conclusion after July 9th.
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Flipkart Investments Private Limited divested its 6% stake in Aditya Birla Fashion & Retail. The sale occurred in a bulk deal for Rs 582 crore. Following this, ABFRL's stock experienced a 9% drop. Goldman Sachs managed the transaction. Aditya Birla Fashion & Retail had recently demerged its Madura Fashion & Lifestyle business.
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Zinka Logistics shares: Quick Routes International, an early and significant investor in Zinka Logistics, fully exited its position on Tuesday by offloading its entire 9.01% stake through two bulk deals worth Rs 672 crore. NSE data shows that the investor sold more than 1.59 crore shares at prices ranging from Rs 420.06 to Rs 420.25 each.
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