The Indian equity market is, however, a global outlier and remains firmly in the bull phase - both in local currency and in constant currency terms
The rupee appreciated 6 paise to 79.86 against the US dollar in opening trade on Friday, driven by foreign fund inflows and a firm trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.87 against the dollar and inched higher to touch 79.86, registering a gain of 6 paise over its previous close. In the previous session, the rupee declined by 6 paise to close at 79.92 against the American currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.05 per cent to 108.51. Brent crude futures, the global oil benchmark, advanced 0.83 per cent to USD 100.16 per barrel. Forex traders said, the rupee is expected to witness range-bound trade this Friday, as investors await Federal Reserve Chairman Jerome Powell's speech for further clues about the pace of the US central bank's rate hikes. "Higher oil prices and a weak start in the Asian and emerging market peers could keep appreciating bias capped,
Chinese equities are seen making up lost ground as the extreme pessimism toward its economy recedes and authorities take further steps to revive stuttering growth
Berkshire stepped in as the S&P 500 shed 16% in the latest quarter. The Omaha, Nebraska-based company also reported an operating profit of $9.2 bn as the insurance and railroad businesses posted gains
At the interbank forex market, the local unit opened lower at 80.00 against the greenback and fell further to an intra-day low of 80.05.
Trideep Bhattacharya, CIO-Equities, Edelweiss Mutual Fund thinks investors may even make lump-sum investments now >
(Reuters) - Asian equities continued to witness foreign outflows for a fifth consecutive month in May, hit by concerns over monetary tightening measures by major central banks and supply chain disruptions due to strict lockdowns in China.
The rupee plunged to its fresh lifetime low against the dollar, weighed by persistent foreign fund outflows and a spurt in crude oil prices
Lack of fresh positive cues is forcing investors to dump equities and switch to safer havens like gold, says an expert
Global financial markets have been spooked by concerns over interest hikes and recession worries as tighter and wider Covid lockdowns in China led to slower export growth in the country in April
The 30-share BSE barometer was trading 317.22 points higher at 57,910.71.
Expect markets to remain range bound given the challenging macros: Duggad
But the bulk the action was focused in the bond markets, with two-year US yields pausing for breath at a six-year high after a massive rise this month
The rupee spurted by 41 paise to close at 75.80 (provisional) against the US dollar on Thursday, supported by positive domestic equities and broad dollar weakness.
Rebalancing can fetch $230-billion inflows into world stocks this month
Don't bet excessively on gold based on its recent rally as an early end to the Russia-Ukraine war could bring it to a halt
Value opportunity in stocks is more and we think over the next 2-3 years, the opportunity will continue to exist, says S Naren, CIO, ICICI Prudential Asset Management Co
Since 1900, the US has been the best-performing stock market with an annualised real return of 6.7 per cent
Investors' wealth on Tuesday tumbled by more than Rs 3.78 lakh crore as equities faced heavy selling pressure following weak global trends.
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