Maharashtra election, FII flows and 5 more factors to likely impact stock markets this week
The Indian equity market ended last week with a loss of over 2.5%, weighed down by earnings moderation and persistent foreign outflows. As markets reopen on Monday, a mix of domestic and international eventsβincluding the Maharashtra election, FII flows, and global market dynamicsβare likely to influence market movements. On Thursday, the Nifty 50 fell 0.11%…
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Diwali spoiler: Sensex, Nifty ending October month with 4 bad signs
With rich valuations and slowing corporate earnings spoiling a festive October, Dalal Street is ending Diwali month as the worst one since 2020’s market crash during Covid amid record FII outflow that has crossed the Rs 1 lakh mark in the secondary market. “India has been underperforming in October with Nifty down 5.7%, when markets…
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GIFT Nifty down 10 points; here’s the trading setup for today’s session
Equity markets managed to continue pull back from lower levels for the second day with recovery coming in the last hour and closed with gains “After 8% fall from all-time high, Nifty is witnessing some pull back ahead of Diwali, as investors get into festive mood. Overall, we expect the markets to remain range bound…
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New BSE & NSE transaction fee, FII action among 8 factors likely to drive market this week
Nifty hit fresh intra-day record highs on each trading session last week ending with weekly gains of 1.5% led by banks and pharma stocks. When markets resume trading on Monday, a host of important domestic and global events lined-up during the week are likely to impact them. On Friday, benchmark indices took a breather as…
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Kotak Mahindra Bank, Adani Enterprises among 10 largecap stocks where FIIs reduced exposure in Q1 – Turning Point
Indian Railway Finance Corporation Share Price 180.67 09:59 AM | 22 Aug 2024 0.14(0.08%) One97 Communications Share Price 583.95 09:59 AM | 22 Aug 2024 9.91(1.73%) YES Bank Share Price 24.53 09:59 AM | 22 Aug 2024 0.09(0.33%) ITC Share Price 505.85 09:59 AM | 22 Aug 2024 0.46(0.09%) HDFC Bank Share Price 1633.25 09:59…
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FII selloff hits Rs 30,000 crore since Budget but why aren’t alarm bells ringing?
While the domestic gush of liquidity has dismissed the impact of capital gains tax hike, expensive valuations and a not-so-great Q1 earnings season, foreign institutional investors (FIIs) have sold Indian stocks worth at least Rs 30,000 crore since Budget. In the last 17 trading days since Budget was presented on July 23, Sensex is weaker…
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Profit booking or another record high in Nifty this week? Track these 5 factors
After ending six consecutive weeks with a gain, Nifty is now caught between the expectations around Budget and the ongoing earnings season. While Sensex ended 0.65% higher during the week, the BSE Smallcap index ended 0.26% lower. “There is a mix of anxiety and excitement in the market due to the muted Q1FY25 earnings forecast…
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