Uncertainty has contributed to volatility in India's financial markets so far in 2024-25. The attitude of foreign portfolio investors (FPIs) in particular has affected the market. Since April this year, FPIs have, in aggregate, been net sellers of Indian equity worth ₹8,644 crore (until November 4). But selling has been concentrated in three specific months—huge net sales of ₹94,017 crore in October, a substantial ₹25,586 crore in May, and ₹8,671 crore in April. Selling in April-May coincided with India's general elections and was driven by apprehensions about the outcomes. The ongoing US elections have been a contributory factor to FPI selling through October and November.
Esta historia es de la edición November 05, 2024 de Business Standard.
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Low valuation sparks interest in IndusInd
Analysts believe worst may be over for lender after sombre Q2 results
Demand, margin gains ahead for UPL
Agrochemicals manufacturer UPL reported a muted quarter as operating profit remained flat on a year-on-year (Y-o-Y) basis, due to a price decline (down 7 percent Y-o-Y) and surplus capacity in China.
Exchanges roll back direct payout of securities to client accounts
The National Stock Exchange (NSE) and BSE on Tuesday announced rollback of the direct payout of the securities to client demat accounts—which was enabled on November 11.
Swiggy makes market debut today
Shares of food delivery major Swiggy will make stock market debut on Wednesday following its ₹11,327 crore initial public offering (IPO), second biggest this year and sixth-largest to hit the domestic market.
NTPC Green Energy IPO eyes $12 bn Valuation
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Sebi simplifies process for registration of certain FPIs
Abridged version of application form to be available in 3 months
11 of 17 Nifty sector indices in correction mode
As many as 11 of 17 frontline Nifty sector indices are in 'correction' mode with energy, auto and central public sector enterprises (CPSE), consumption, and fast-moving consumer goods (FMCG) suffering the most in the recent market fall, according to data.
Nifty falls to near 5-month low
Earnings disappointment and foreign outflows continue to weigh on markets
BITING THE BULLET
The Bullet Train has been a 'dream project'. Can it become a reality anytime soon?
India to be among top 3 or 4 mkts for Siemens in 3 years
Country now contributes 3.5-4% to the firm's revenue
