The Indian mutual fund industry experienced a blockbuster month in August 2024, with record-breaking net inflows of Rs 38,239 crore into equity-oriented funds, marking the 42nd consecutive month of positive inflows. Sectoral and thematic funds, particularly in Technology, Healthcare, and Retail, were the top performers, attracting significant investor interest. Additionally, factors such as strong market sentiment, increasing popularity of SIPs, and successful NFOs contributed to the industry’s growth and investor confidence.
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Piper Sandler highlights the stocks most likely to benefit from bullish market sentiment
Wall Street's optimism following Donald Trump's reelection has benefited stocks that typically thrive in bullish sentiment, driven by expectations of looser regulations and lower corporate taxes. Piper Sandler's analysis shows that bullish sentiment is at an extreme, with investors anticipating market growth and improved economic data. Stocks like Uber and Garmin, which historically perform well in high sentiment environments, have seen notable gains in 2024, with Uber potentially benefiting from looser regulations under the new...
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