Activity by foreign institutions has been subdued due to global geopolitical uncertainty
Global trends and trading activity of foreign investors would largely dictate terms in the equity markets this week amid a lack of major domestic triggers, analysts said. Markets may face near-term consolidation due to elevated valuations, they noted. "While the previous week was predominantly shaped by developments in the US Federal Reserve policy, attention will now shift to the Bank of Japan's policy decision on December 19," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. Additionally, factors such as crude oil prices and macroeconomic data from both the US and China will wield considerable influence on market dynamics, he added. Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said due to overbought technical conditions, the benchmarks may consolidate in the near term. However, that said, the near-term outlook for the markets continues to be in favour of the bulls, he said. A series of positive news -- September quarter GDP growth rate of 7.6 per ce
Overseas funds held 31,549 more long index futures contracts than short contracts as of Thursday, turning to a net bullish position a day earlier for the first time since September
While foreign debt typically carries interest rates ranging from 10-12%, Vedanta's loans have been offered at 18% interest rate for three years, beginning in January
November was a blockbuster month for the Nifty index, which rose 5.5 per cent, the most since July 2022
Market participants said that India's bond inclusion in J P Morgan index further aided inflows in the domestic debt market
The ongoing quarterly earnings report card of corporates, global trends and trading activity of foreign investors are key factors to drive the momentum in the equity markets this week, analysts said. Moreover, markets would also focus on global oil benchmark Brent crude and the rupee-dollar trend. "On the domestic front, the upcoming release of Q2 earnings report is expected to have a significant influence on market sentiment. If FIIs (Foreign Institutional Investors) shift to net buying, it could further propel the market's upward movement," Swastika Investmart Ltd Head of Research Santosh Meena said. While geopolitical concerns persist, they have had limited impact on the market's overall trajectory, Meena said, adding that the resilience of global markets will be crucial in determining the sustainability of this positive momentum. From the macroeconomic front, the industrial production data is scheduled to be announced on Friday after market hours. "Global and domestic ...
India's benchmark NSE Nifty 50 Index has slipped 3.3% so far this month, faring a little better than the 3.8% decline seen in the broader MSCI Asia Pacific Index
India is not planning any changes to its tax regime to help Indian government bonds be included on other global indices, a government source said on Wednesday
Pakistan, in a bid to revive its ailing economy, has introduced a new visa policy to attract business communities from across the world to invest in the cash-strapped country. The decision was taken in the two-day consultation meeting held under the Special Investment Facilitation Council (SIFC), a civil-military hybrid body set up by the previous Shehbaz Sharif government to tackle the country's economic woes. Caretaker Prime Minister Anwaar-ul-Haq Kakar, who chaired the fifth apex committee meeting of SIFC, announced in a recorded message that a new easy visa regime has been approved for foreign businessmen desiring to visit Pakistan. He said foreign businessmen who want to visit Pakistan would be issued easy visas on the basis of a single document from their country or international business organisations. If Pakistan's chambers of business or business organisations issue a document to a foreign businessman, easy visas will also be issued to them, the statement quoted caretaker
India is not alone in drawing investors who are disenchanted with China's markets and an economy limping after years of pandemic lockdowns
Global funds purchased $1.6 billion of Indian shares on a net basis last month through Aug 30, that's even as they withdrew a combined more than $6 billion from Taiwan, South Korea and Indonesia
The next Federal Open Market Committee (FOMC) meeting is scheduled for September 19-20
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With the first quarter earnings season coming to an end, the domestic equity markets would be driven by global trends and trading activity of foreign investors this week, analysts said. The movement of global oil benchmark Brent crude and the rupee against the dollar would also drive trends in the market. "Macroeconomic indicators, trends in global stock markets and FII activities will be pivotal in shaping market trends in the coming days," Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, said. The market will react to some key global events such as the US existing home sales, initial jobless claims, and Eurozone S&P global composite PMI, Arvinder Singh Nanda, Senior Vice President at Master Capital Services Ltd, said. "With Fed Chair Jerome Powell's speech and more macro data lined up globally this week, we expect domestic as well as global markets to remain under pressure. Also, RBI would release its meeting minutes on Thursday. "However, action is likely to .
The 24-point plan from the State Council - China's cabinet - also promises to relax regulations on transferring data overseas, among other measures
The RBI has added back $32 billion in reserves already this year as it absorbed foreign inflows to keep the currency steady, while its dollar forward book also climbed by around $10 billion
'Development is the top priority of the Communist Party of China in governing and rejuvenating the country,' Xi told New Zealand Prime Minister Chris Hipkins
Nifty settles at record close; FPI flows drive the rally
Any nation that restrains its citizens from investing or spending money overseas will face difficulty in becoming a superpower