Malaysia's July palm oil stocks rose 3.32pct - MPOB
KUALA LUMPUR: Malaysia's July palm oil stocks rose 3.32 per cent from the previous month to 2.63 million tonnes, data from the industry regulator showed on Monday.
Mumbai: Overseas investors made their first net purchases in India's struggling information technology sector in July, injecting ₹3,358 crore into the market, according to NSDL data. The inflow marked a shift from previous months of net selling, which had occurred since February, as noted by Pankaj Pandey, head of fundamental research at ICICI Direct.
The data also revealed that consumer durables saw a large outflow of ₹4,958 crore from foreign portfolio investors, while healthcare attracted ₹3,654 crore. Despite the mixed signals, Raj Gaikar, a research analyst at Samco Securities, commented that domestic demand was the primary driver behind recent market trends, with these sectors seeing consistent inflows for three consecutive fortnights.
However, Vikas Gupta, CEO at OmniScience Capital, suggested that the recent buying spree in IT stocks might simply be a tactical trade, as financial services showed clearer growth potential.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- FPIs turn buyers in IT stocks for first time in 2026, invest Rs 3,358 crore in July economictimes.indiatimes.com
