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FPIs turn net sellers in September 2023

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The spike in PCE inflation in the last 2 months shows that the PCE inflation has approximately followed the same trend as the consumer inflation.

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Let us turn to the September 2023 mutual fund performance; across the gamut of equity and debt funds.

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Positive data flows offset by event risks

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Clarity on Fed move – elevated rates for longer

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Market breadth was positive, with 2246 stocks advancing, 1256 stocks declining, and 152 stocks remaining unchanged.

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The restructuring is intended to divide the recycling, lead, zinc, and silver companies into independent legal corporations.

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The company intends to secure Rs 80 crore through a pre-IPO placement round.

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The IPO, featuring shares with a face value of Rs 10, exclusively comprises a fresh issue of equity shares, targeting proceeds of up to Rs 1,800 crore.

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