MUMBAI: Foreign portfolio investors (FPIs) dumped stocks on Tuesday as the rupee touched a new life low, a day after shock data on India's trade deficit in November. The market fall, a day ahead of an expected interest rate cut in the US, also comes at a time of increased supply through initial public offers.
On Tuesday, in addition to cash sales, FPIs raised bearish bets on Indian derivatives. Trade data showed markets are in oversold territory, with chances of volatility increasing. BSE data showed FPIs net sold Indian shares worth a provisional ₹6,409.86 crore as the rupee plunged to a new low of 84.93, before recovering to close down three paise at 84.90. Though local institutions net purchased a provisional ₹2,706.48 crore, that was not enough to prevent the Nifty and Sensex from falling the most in nearly three weeks. While the Nifty tanked 1.35% to 24,336, the Sensex shed 1.3% to close at 80684.45.
Data released on Monday showed India's goods trade deficit in November shot up to nearly $38 billion, an all-time high, as imports rose and exports fell.
Diese Geschichte stammt aus der December 18, 2024-Ausgabe von Hindustan Times Bengaluru.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 18, 2024-Ausgabe von Hindustan Times Bengaluru.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
China building villages near Doklam in Bhutan: Sat data
NEW DELHI: China has built at least 22 villages and settlements over the past eight years within territory that has traditionally been part of Bhutan, with eight villages coming up in areas in proximity to the strategic Doklam plateau since 2020, according to satellite imagery.
‘Our dreams are shattered’: Deaths in Georgia wreck homes in Punjab
MEA OFFICIALS SAID THEY WERE WORKING TO BRING THE BODIES BACK TO INDIA
67% sanitation workers from SC communities: Centre to LS
Two-thirds of sewer and septic tank workers (SSWs) in urban local bodies across India, surveyed by the Union government, come from Scheduled Caste (SC) communities, the Centre informed Parliament on Tuesday.
MOVE AGAINST FEDERALISM, WILL ALTER BASIC STRUCTURE: OPPN
Opposition leaders on Tuesday launched a scathing attack on the bills introduced in the Lok Sabha that propose simultaneous elections to the Lower House and state assemblies, arguing that the legislation undermines federalism, violates the Constitution's basic structure, was introduced without adequate consultation with states and envisions an impractical scenario.
ONOP will test govt's ability to muster up two-thirds majority
NEW DELHI: The NDA government's ambitious plan for simultaneous national and state polls could be a test of its ability to muster the requisite numbers as it doesn't have a two-thirds majority needed to push through a Constitution amendment under Article 368 in the Lok Sabha.
'One election' bill tabled in House, may be sent to JPC
The Union government on Tuesday introduced in the Lok Sabha two bills aimed at ushering in simultaneous state and national elections amid loud protests by the Opposition —
BJP govts to soon bring UCC in every state: Shah
NEW DELHI: The Uniform Civil Code (UCC) implemented by Uttarakhand is a model law that will be debated widely and then the Bharatiya Janata Party (BJP) governments will bring a common civil code in all states, Union home minister Amit Shah said on Tuesday as he accused the Congress of undermining the Constitution and promoting appeasement politics.
From 2025, NTA not to hold recruitment tests
The National Testing Agency (NTA) will, from 2025, conduct only entrance exams for higher education institutions and not recruitment exams, a move aimed at improving its functioning and in keeping with the recommendations of a high-level committee set up in June 2024.
Zakir Hussain matlab tabla: Pandit Hariprasad Chaurasia on Ustad's death
Pandit Hariprasad Chaurasia, the legendary classical flautist and music director, is unable to believe that Ustad Zakir Hussain has passed away at \"such a young age\", he tells HT City.
Seal it with a Marquise!
Actor-singer Selena Gomez recently surprised her fans when she announced her engagement to music producer Benny Blanco.
