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Source: Live Mint Indian stocks continued to face intense selling pressure on Monday, marking the sixth consecutive trading session of decline, underscoring the raising concerns in the market as investors weigh the impact of global geopolitical tensions, particularly between Iran and Israel, alongside the steady selling from the foreign institutional investors. The Nifty 50 and…
Source: Live Mint The pace and quantum of foreign investors dumping Indian stocks for a China “hope trade” has dragged benchmark indices to the brink of a pullback—defined as a 5-10% fall from the peak over just four sessions through Friday. To top that, Indian benchmarks displayed their worst weekly performance in four-and-a-half years. The…
Source: Business Standard India’s forex reserves have ballooned by $87.6 billion so far in 2024, already more than the near-$62 billion increase over the whole of last year. 2 min read Last Updated : Oct 04 2024 | 5:35 PM IST India’s foreign exchange reserves crossed $700 billion for the first time on record,…
Source: Live Mint The onset of the festive season didn’t bring the cheer India’s stock market investors had hoped for. They turned poorer by ₹11 trillion on record foreign investor outflows amid a sharp bounce back in Chinese stocks following recent fiscal and monetary stimulus measures, escalating tensions in West Asia, and expensive share valuations….
Source: Live Mint Mumbai: Investors in India’s stock markets lost ₹3.79 trillion on Monday, after the benchmarks fell the most in a day in almost two months on heavy selling by foreign portfolio investors and retail clients. The Nifty shrank 1.41% to 25,810.85, and the Sensex fell 1.49% to 84,299.78. This was the biggest single-day…
Source: Live Mint FPIs net invested ₹57,359 crore in September, the most since ₹66,135 crore in December last year, shows National Securities Depository Ltd (NSDL) data. September has recorded the fourth-largest FPI net inflows to date, aided partly by global index provider FTSE’s semi-annual rebalancing, which resulted in around ₹7,000-10,000 crore inflows this month, thanks…
Source: Business Standard 3 min read Last Updated : Sep 27 2024 | 9:28 PM IST Indian investors are paying hefty premiums to invest in China markets, with stocks there posting their biggest weekly gain in nearly 16 years. Click here to connect with us on WhatsApp Savvy investors were seen making a…
Source: Live Mint No one doubts that artificial intelligence (AI) will change the world. But a doctrinal dispute continues to rage over the design of AI models, namely whether the software should be “closed-source” or “open-source”—in other words, whether code is proprietary, or public and open to modification by anyone. Some argue that open-source AI…
Source: Business Standard Illustration: Ajay Mohanty 3 min read Last Updated : Sep 27 2024 | 12:10 PM IST Primary market, it seems, is not only luring investors back home but also globally. A recent report by GlobalData, a London-based data analytics firm suggests that 822 Initial Public Offers (IPO) aimed to raise $65…
Source: Business Standard Sensex, Nifty fly high: Benchmark indices – Sensex and Nifty 50 – witnessed a strong rally on Friday, September 20, 2024 on the back of a 50 bps rate cut by the Federal Reserve on September 18. The Sensex rallied 1,509.6 points intraday, hitting a fresh record high of 84,694.5 levels….
