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Indian equities saw ferocious selling by foreign institutional investors (FIIs) amid the ongoing global economic concerns of crude and gas price hikes, rising inflation, and currency depreciation against the US dollar. Only in the first eight months of 2022 till August 31, FIIs have sold shares worth Rs 2.68 lakh crore in the Indian equity market.
Market capitalisation of Adani Group: All the seven-listed Adani Group firms outpaced the benchmark equity indices BSE Sensex and NSE Nifty last month
Market watchers believe that the recent turmoil in the global economy due the Russia-Ukraine conflict, soaring crude prices, currency depreciation and ballooning inflation all around the globe have hammered the stock market returns in most of the countries.
Data available with Ace Equity showed that as many as 17 stocks in the BSE 500 index have rallied over 50 times in the past 10 years despite volatility in the form of volatile crude oil prices, demonetisation, implementation of GST, RERA and eruption of Covid-19 pandemic, among others.
Rekha Jhunjhunwala got married to Big Bull Rakesh Jhunjhunwala in 1987. The legendary investor passed away early in the morning on Sunday, August 14.