Indian shares rallied more than 1% to hit record highs on Thursday. The rally was prompted by intense buying in IT, tech and realty stocks after the US Federal Reserve left interest rate unchanged. Persistent buying by foreign investors also supported the market sentiments. Foreign institutional investors (FIIs) sold stocksRead More →
Indian stocks closed lower on Tuesday ahead of the release of inflation and Index of Industrial Production (IIP) data. Foreign institutional investors (FIIs) sold stocks of Indian companies worth ₹ 15,960.23 crore and bought stocks for ₹ 16,037.09 crore, resulting in an inflow of ₹ 76.86 crore, according to NSERead More →
Indian stock indices closed higher on Monday, with the Sensex crossing the 70,000 mark. The gains were led by banking, IT and metal shares. Foreign institutional investors (FIIs) sold stocks of Indian companies worth ₹9,449.53 crore and bought stocks for ₹10,710.66 crore, resulting in an inflow of ₹1,261.13 crore, accordingRead More →
Indian stocks rallied on Wednesday on higher foreign fund inflows and strong buying in information technology (IT), automotive, financial, and oil & gas shares. Investors’ sentiments were boosted after Fed governor Christopher Waller flagged the possibility of lowering interest rate in the months ahead if inflation continued to ease. ForeignRead More →
There is, however, optimism for FY25 with anticipated inflows of $20 billion to $30 billion into government bonds, following India’s inclusion in the JP Morgan Global Bond Index. Although the benchmark 30-stock Sensex delivered a 4.5% return in 2022 and continues its trend this year, its dollar-adjusted version, the DollexRead More →
Indian stocks rebounded on Thursday, snapping their two days of losses following a rally in global markets after the US Federal Reserve kept interest rates unchanged. Foreign institutional investors (FIIs) on Thursday sold stocks of Indian companies worth ₹9,118.46 crore and bought stocks for ₹7,857.27 crore, resulting in an outflowRead More →
The Indian rupee appreciated by 9 paise to trade around 83.19 against the US dollar in early trade on Thursday amid weak American currency overseas after the US Federal Reserve was a bit dovish in its policy meeting. The local currency opened 7 paise higher at 83.21 a dollar asRead More →
The rupee depreciated 2 paise against the US dollar in the morning session on Wednesday, tracking a strong American currency overseas and muted trend in domestic equities. The local currency opened 2 paise lower at 83.27 a dollar as compared to previous close of 82.25. The dollar index, which gaugesRead More →
The Indian rupee traded flat against the US dollar in early trade on Tuesday as elevated crude oil prices and a strong American currency overseas weighed, while the positive trend in the domestic equities supported the local unit. Rupee opened flat at 83.25 a dollar. The dollar index, which gaugesRead More →
Indian equity markets tumbled on Wednesday due to profit-taking in banking, financial and energy stocks amid a sharp jump in crude oil prices. A sluggish trend in global markets due to deepening Middle-East tensions also weighed on investors’ sentiments, said analysts. Foreign institutional investors (FIIs) on Wednesday sold stocks ofRead More →
