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Foreign portfolio investors net bought shares worth 5,393 crore on Thursday, taking their total purchase tally for May to 17,142 crore. In April, they were buyers to the tune of 3416 crore. Domestic institutions were sellers to the tune of 1,668 crore on Thursday.
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Renewed India-Pakistan tensions have sparked investor interest in Indian defence stocks, with companies like Cochin Shipyard and Bharat Dynamics seeing significant gains. Anticipation of increased defence spending and potential export opportunities are driving this surge. While long-term prospects remain strong, some fund managers caution about the current elevated valuations and the pace of the rebound.
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News and Media
A cross-party committee says farmers have lost trust in the government over its policies.
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News and Media
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