India on track to become stock-pickers’ market in June, brokerages say

The May series marked ​a shift in “market ‌character”, representing a transition from a short covering-led recovery to fresh positioning near higher levels   India is likely to become a stock-pickers market in June ​as local money moves selectively into certain sectors ‌while bearish bets by overseas investors limit broader ​gains, two brokerages said. The…

US inflation jumps to 3.8% in April, highest in nearly three years, as war in Iran disrupts economy

Inflation in the United States surged to 3.8 per cent in April, marking the highest level in roughly three years, as the Iran war causes a ripple effect across the US economy, data released on Tuesday showed. Inflation in the United States surged to 3.8 per cent in April, marking the highest level in roughly…