FIIs hike stake in 8 out of 10 IT stocks to play Fed rate cut cycle but retail investors left behind
- Posted on October 23, 2024
- By Business News Today
- 1 Views
FIIs hike stake in 8 out of 10 IT stocks to play Fed rate cut cycle but retail investors left behind
FIIs have increased their stakes in 8 out of 10 top Indian IT companies to capitalize on the US interest rate cut cycle. Infosys, TCS, Tech Mahindra, HCL Tech, and Wipro saw notable FII stake hikes. While mutual funds also increased their stakes in several companies, retail investors reduced their holdings.
