Indian stocks head for most monthly foreign outflows in 4 years
Overseas investors sold Indian stocks every trading session this month, taking the net outflows to the highest since March 2020. Foreign funds withdrew more than $7 billion from Indian equities in the month through Oct. 14, according to data compiled by Bloomberg. If the trend continues, the month will see the biggest exit since a…
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M-cap of 8 of top-10 most valued firms rises Rs 1.53 lakh crore; Airtel, Infosys biggest gainers
The combined market valuation of eight of the top-10 most valued firms surged Rs 1,53,019.32 crore last week, with Bharti Airtel and IT majors Infosys, Tata Consultancy Services emerging as the biggest gainers, in line with a record rally in equities. Last week, the BSE benchmark jumped 1,279.56 points or 1.57 per cent. Rallying for…
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FPI inflows in equities drop to Rs 7,320 crore in August due to higher valuations
Foreign investors have adopted a cautious stance and infused Rs 7,320 crore in the Indian equities in August owing to high valuation of stocks and the unwinding of the Yen carry trade after Bank of Japan raised interest rates. This investment was way lower than Rs 32,365 crore in July and Rs 26,565 crore in…
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India set to close in on China as emerging-market stock anchor
India is poised to narrow the gap with China in MSCI Inc.βs gauge for developing nations. Analysts from firms including Smartkarma and IIFL Securities Ltd. expect Indiaβs weight in the MSCI Emerging Markets Index to rise by at least one percentage point following the index providerβs review this week. This would bring the country almost…
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Japanese shares bounce back after biggest sell-off since 1987 Black Monday rout
Japanese stocks rebounded sharply on Tuesday, clawing back most of the double-digit losses suffered the previous day as comments from the U.S. Fed and data gave investors pause in their concerns over recession and equity valuations. The Nikkei’s rally, after the market’s biggest single day rout since the 1987 Black Monday sell-off, came as the…
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Asian shares: Stocks in Asia slip, tracking US tech-led declines
Equities in Asia declined as investors began pulling back on the artificial-intelligence frenzy that has powered the bull market this year. Stocks in Japan and South Korea both fell over 2%, with chipmaker SK Hynix Inc. tumbling even with solid earnings. In the US, the S&P 500 slumped 2.3%, its worst showing since December 2022…
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FPIs invest Rs 30,772 cr in equities in July so far
Foreign investors injected Rs 30,772 crore into Indian equities so far this month, driven by hopes of continued policy reforms, sustained economic growth and a better-than-expected earnings season. Additionally, the anticipation of a reform-oriented budget has also lifted investor sentiment, Himanshu Srivastava, Associate Director – Manager Research at Morningstar Investment Research India, said. Going forward,…
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