Tue, Feb 27, 2024 12:51 PM
Devyani International shares plunge 6% on block deal buzz
A Flip by Shubhangi Gupta
Allocations to exchange-traded funds (ETFs) surged to ₹13,440 crore, up from just ₹381 crore in September and a one-year average of ₹5,440 crore, according to data from Elara Capital. Similarly, allocations to index funds jumped to ₹8,000 crore, compared to ₹1,960 crore in September. Nearly 80% of ETF inflows were directed toward Nifty ETFs.
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Palantir Technologies shares are rising in premarket trading Friday after the analytics software provider said it is shifting its listing to the Nasdaq from the NYSE. The company, a retail investor favorite, said it will transfer the listing of its Class A common shares to the Nasdaq Global Select Market, with trading set to start on Nov. 26, making it eligible for Nasdaq 100 inclusion.
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Citadel Securities’ Durham Abric says the Federal Reserve’s interest-rate path probably will be uninterrupted by the incoming Trump administration’s protectionist posture. Former President Donald Trump, who imposed punitive tariffs on US imports in his first term, has made it clear he’ll do so again on taking office in January.
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