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 Thane.
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 Thane.
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
Cummins, the pace spearhead driving Australia's serial success
Knack for wickets, unparalleled control and a never-say-die attitude for which Glenn McGrath will be revered as possibly the greatest Australian fast bowler in the last four decades.
Agarkar To Brief Selectors Ahead Of BCCI Meet On Sunday
The selection committee will be in full attendance for the knockout rounds of the Vijay Hazare Trophy one-dayers in Vadodara, which start with the pre-quarter finals on Thursday.
Djokovic: At his happy hunting ground, with an old foe in tow
The Serbian has worked with Becker, Agassi and Ivanisevic. In Murray he has access to the mind of a master tactician
Indian Hockey Players Bonding With the Best in Relaunched HIL
Skipper Sumit Walmiki and Australian Tim Brand walked to the dugout, shared a laugh and high-fived after Hyderabad Toofans' practice.
Shooter Tomar finds fresh high after domestic double
Varun Tomar's dream of representing India at the Paris Olympics was crushed when he lost in the domestic selection trials to pick the final squad.
Neeraj to star in a world javelin event in India
India's two-time Olympic medallist and reigning world champion Neeraj Chopra will be the star attraction in a marquee international javelin tournament at home later this year, the Athletics Federation of India (AFI) said on Tuesday.
Cloud over review of 14-yr-old trade pact with Asean
THE REVIEW HAS STALLED SINCE INDIA'S OFFER OF A UNIFIED DUTY STRUCTURE HAS NOT FOUND FAVOUR AMONG ASEAN MEMBERS
Meta Goes For Community Notes, Ends Fact-Checking
Meta Platforms chief executive officer (CEO) Mark Zuckerberg on Tuesday announced a decision to do away with the company's long-standing fact-checking teams—choosing instead to establish a 'community notes' mechanism akin to Elon Musk's X, formerly Twitter.
Microsoft to Invest $3 Billion in AI, Cloud Expansion in India
The tech giant also plans to train 10 million people in AI skills in India by 2030
Capex allocation likely to rise 10% for roads, rlys
The Centre proposes to keep its focus on rapid infrastructure growth in the next financial year, with plans to push capex allocation for the ministries of road transport and highways, and railways in the upcoming budget by up to 10%, two persons aware of the development said.
