Mumbai, July 4 (IANS) Foreign institutional investors (FIIs) continued to remain net seller during this week, offloading Rs 4,000 crore based on provisional exchange data.On the other hand, domestic institutional investors (DIIs) were net buyers, purchasing Rs 12,630 crore in the domestic markets. During June, FIIs sold a cumulative Rs 49,030 crore, while DIIs bought Rs 85,800 crore, based on provisional exchange data.During current week, except for Friday, FIIs were net seller in rest of the we…
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Mumbai, July 3 (IANS) Banks have registered a gradual increase in the flow of overseas funds after the rollout of the Reserve Bank of India’s (RBI) revised Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme, and expect collections to accelerate further this month as awareness among NRIs is growing.The banking industry has mobilised an estimated $3-4 billion through FCNR-B deposits so far, according to an NDTV Profit report.Bankers expect inflows to gather pace in the coming weeks, partic…
Mumbai, June 28 (IANS) The overall Indian stock market tone has improved following the sharp correction in crude oil prices and the return of selective foreign institutional investor (FII) buying, and a significant trend in the FII activity in the second half of this month is the tapering of FII selling, according to analysts.During the last nine trading days (June 15-June 25), FIIs were buyers in five days in the cash market even though the buying was in limited quantities. The big relentless F…
New Delhi, June 24 (IANS) India’s real gross domestic product growth will touch 6.6 per cent in FY27 amid energy stress, a sub‑par monsoon outlook and slowing global growth, a report said on Wednesday.The report from S&P Global Ratings said consumer inflation in India is expected to rise to 5.1 per cent this fiscal year as manufacturers pass higher energy costs to consumers. alongside recent increases in administered prices for petrol, diesel and cooking gas.The firm forecasted a policy …
New Delhi, June 23 (IANS) India’s markets successfully navigated a turbulent quarter of geopolitical shocks, and US-Iran peace deal and oil trading near $70–$80 per barrel will help ease inflation, support the rupee, reduce the import bill, and benefit rate-sensitive and oil-consuming sectors, a report said on Tuesday.The report from smallcase said the key risk remains any breakdown of the peace deal or renewed disruption at the Strait of Hormuz. It could re-spike crude, revive inflation and…
New Delhi, June 22 (IANS) Apex industry body ASSOCHAM on Monday welcomed the agreement reached between the US and Iran in Switzerland to ensure safe commercial shipping through the Strait of Hormuz, saying the development is expected to ease global crude oil prices and deliver significant benefits to the Indian economy.The chamber said the breakthrough — which comes amid heightened geopolitical tensions in the region — could help restore stability to global energy markets and reduce risks asso…
Mumbai, June 22 (IANS) Domestic equity markets traded higher on Monday, mirroring positive global cues amid easing crude oil prices and geopolitical concerns in West Asia.Sensex surged over 400 points or 0.54 per cent to touch an intraday high of 77,223 in morning trade, while Nifty traded more than 100 points or 0.51 per cent higher at 24,137.Among sectoral indices, IT stocks led the gains, with the Nifty IT index rising over 1 per cent. The Nifty MidSmall IT & Telecom and Nifty Oil & G…
Mumbai, June 21 (IANS) Indian equity markets are expected to remain cautiously optimistic in the next week, supported by easing geopolitical tensions in West Asia, softer crude oil prices and improving global risk sentiment, according to analysts on Sunday.Benchmark indices ended the previous week on a strong note, with Nifty gaining 390 points or 1.65 per cent to close at 24,013.10.Similarly, Sensex advanced around 1.7 per cent on a weekly basis, while broader markets outperformed with gains of…
New Delhi, June 21 (IANS) Rupee is likely to appreciate further in the coming weeks and in the context of appreciating domestic currency, foreign portfolio investors (FPIs) are unlikely to sell significantly going forward, analysts said on Sunday.The better-than-expected FY26 earnings growth of 15.6 per cent for Nifty 500 is providing fundamental support and resilience to the market. “However, poor monsoon, so far this year, is becoming a concern,” said analysts.There has been a distinct cha…
Mumbai, June 20 (IANS) The Indian equity benchmarks posted second consecutive week of strong gains, over investor optimism about improved geopolitical situation following the US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.65 per cent during the week and lost 0.64 per cent on the last trading day to reach 24,013. At close, Sensex was down 607 points or 0.78 per cent at 76,802. It added 1.69 per cent during the week.Domestic markets witnessed consolidation on the last tra…