This came following a net outflow of just Rs 8 crore last month and Rs 7,624 crore in September, data with the depositories showed
The US midterm elections have historically marked bullish pivot points for the stock market, notwithstanding the outcome. Will this time be any different? And will this money chase Indian equities?
The rupee appreciated 23 paise to 82.12 against the US dollar in early trade on Monday amid a positive trend in domestic equities and easing crude prices. At the interbank foreign exchange, the domestic unit opened at 82.14 against the dollar, then gained further ground to touch 82.12, registering a rise of 23 paise over its previous close. On Friday, the rupee appreciated by 53 paise to close at 82.35 against the US dollar. According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the rupee started the trade with a gap-up trade tracking the overnight weakness of the dollar. However, most of the Asian and emerging market peers weakened against the greenback this Monday morning after Chinese officials on the weekend reiterated their commitment to a strict COVID containment approach and could cap appreciation bias of the local unit, Iyer noted. The key triggers for currencies this week will be the US inflation rate data followed by several speeches by Fed ...
We are positive on select private banks with credit growth picking-up and asset quality outlook being benign/improving.
With this, the total outflow by Foreign Portfolio Investors (FPIs) has reached Rs 1.75 trillion so far in 2022, data with the depositories showed
After recent downgrades, stocks comprising the country's benchmark Nifty Index are forecast to deliver around 15% higher income over the next 12 months than at the start of 2020
He says that the market valuation premium over emerging market (EM) peers is around 70% versus the long-term average of nearly 40%
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There's no dearth of high-quality corporate stories to keep investors interested, but a drop in valuations is likely if the international outlook worsens further
The sharp reversal in the interest rate regime by global central banks and high inflation has eroded returns from equities. Where should an investor, with a surplus investable amount, put their money?
Over the past 30 years, despite a difficult backdrop, equity market returns are striking
Financials and pharma stocks led the advance amid positive flows from foreign portfolio investors
The rupee appreciated 16 paise to 79.65 against the US dollar in early trade on Tuesday in line with a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.70 against the dollar, then touched 79.65, registering a gain of 16 paise over its previous close. On Monday, the rupee settled 3 paise lower at 79.81 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 109.57. Brent crude futures, the global oil benchmark, rose 0.11 per cent to USD 92.10 per barrel. "Markets were awaiting the US Fed's decision as the two-day meeting starts on Tuesday. A few players expected the US FED to not sound too hawkish lest it hampers the US growth expectations," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. The Reserve Bank of India will have its Monetary Policy Committee (MPC) meeting between September 28-30, and the outcome will be announced on t
FPIs turned net buyers in July after nine straight months of massive net outflows, which started in October last year
Sensex swings 1,232 points before settling 224 points lower; FPIs pullout Rs 1,400 cr
India's forex reserves declined to $553.1 bn in the week ended Sept. 2, their lowest since Oct. 2020 and down by $8 bn from the previous week, RBI data showed on Friday
There is a clear trend reversal in FPI flows from July onwards since when overseas investors turned buyers in India after nine straight months of massive net outflows, which started in Oct last year
The rupee appreciated 5 paise to 79.82 against the US dollar in early trade on Monday in line with a positive trend in domestic equities. Forex traders said the rupee is trading in a narrow range as the strengthening of the American currency in the overseas market and rising crude oil prices are weighing on investor sentiment. At the interbank foreign exchange, the rupee opened at 79.84 against the dollar and touched 79.82 in initial deals, registering a gain of 5 paise over the last close. On Friday, the rupee closed at 79.87 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.39 per cent to 109.95. Global oil benchmark Brent crude futures jumped 1.96 per cent to USD 94.84 per barrel. On the domestic equity front, the 30-share Sensex was trading 129.41 points or 0.22 per cent higher at 58,932.74 points, while the broader NSE Nifty advanced 44.35 points or 0.25 per cent to 17,583.80 points. Foreign instituti
According to stock exchange data, foreigners have invested $6.4 billion in Indian equities since the start of July, after dumping over $27 billion-worth over the previous six months.
This was way higher than a net investment of nearly Rs 5,000 cr by Foreign Portfolio Investors in entire July, data with depositories showed