₹4,203 crore worth of Indian equities and infused a total of ₹3,636 crore as of September 8.Wall Street stocks edged higher on Friday, but not by enough to keep Wall Street from closing out its first losing week in the last three amidst worries that the Fed will opt for rate hikes to put a tame on inflation.The Adani Group's promoter firm has recently bolstered its ownership in two of the conglomerate's publicly traded companies as part of its ongoing efforts to rebound from the adverse impact of critical reports.According to stock exchange disclosures made by the promoter group, they have raised their ownership in the flagship company, Adani Enterprises, from 69.87% to 71.93%. These additional shares were acquired through Kempas Trade and Investment Ltd and Infinite Trade and Investment Ltd.In a separate announcement filed with the stock exchange, the promoter group also revealed an uptick in their stake in Adani Ports and Special Economic Zone Ltd, moving from 63.06% to 65.23%.
(Read More)Stocks edged higher on Friday, but not by enough to keep Wall Street from closing out its first losing week in the last three.The S&P 500 ticked up 6.35 points, or 0.1%, to 4,457.49 after falling for three straight days. It lost 1.3% for the week, which was shortened by the Labor Day holiday.The Dow Jones Industrial Average rose 75.86, or 0.2%, to 34,576.59, and the Nasdaq composite added 12.69, or 0.1%, to 13,761.53.Those indexes also fell for the week because of worries that a too-warm economy will push the Federal Reserve to keep interest rates high for longer.
Traders ratcheted back expectations for cuts to rates next year by the Fed, after reports showed the U.S. economy remains resilient despite much higher rates and struggles
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