The BSE Midcap and Smallcap indices have gained up to 4 per cent this month, as of Jan 25, while the benchmark BSE Sensex has declined over 2 per cent.
Foreign Portfolio Investors (FPIs) have dumped Indian equities worth Rs 24,700 crore so far this month, owing to surging bond yield in the US. On the other hand, they are bullish on the debt market and infused Rs 17,120 crore in the debt market during the period under review, data with the depositories showed. According to the data, Foreign Portfolio Investors (FPIs) made a net investment of Rs 24,734 crore in Indian equities this month (till January 25). Before this, FPIs made a net investment of Rs 66,134 crore in the entire December and Rs 9,000 crore in November. "The rising bond yields in the US is a matter of concern and this has triggered the recent bout of selling in the cash market," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. "The rally in global stock markets was triggered by the Fed pivot which saw the 10-year bond yield falling from 5 per cent to around 3.8 per cent. "Now the 10-year bond is back at 4.18 per cent which indicates t
The dollar index, which measures the U.S. currency against six counterparts, was last up 0.67% at 102.05, on track for its biggest daily percentage gain since October
The U.S. 10-year bond yield has fallen to around 3.85% on rate cut hopes, widening the spread with its Indian peer to 335 basis points from around 240 bps in late October
The benchmark 10-year bond yield ended at 7.16 per cent, after closing the previous session at 7.19 per cent
The probability of a rate cut in March is above 66% and traders are near certain of a cut in May, which pushed the US 10-year yield to a three-month low. It was last around 4.25%
Spot gold rose 0.2% to $2,044.69 per ounce by 0632 GMT, after hitting its highest since May 5. U.S. gold futures for December delivery rose 0.3% to $2,045.30 per ounce
Country's growth and market dynamics continue to make it an appealing investment destination, says CEO of Julius Baer India
Another expert termed Nippon India Multi Asset Fund as an example of a true multi-asset fund, saying this fund believes in classical asset allocation
The price of 22-carat gold fell Rs 100, with the yellow metal selling at Rs 56,250
Snap two-week losing streak on softening US yields, Fed view
The National Stock Exchange (NSE) Nifty Midcap 100 index fell 4.1 per cent, the most since June 2022
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These higher yields make them the right fit for certain use cases. Investment advisors say the product can be looked at when saving for overseas goals
The Sensex ended the session at 65,512, a decline of 483 points or 0.7 per cent. The Nifty closed the session at 19,512, a drop of 141 points or 0.7 per cent
This was the worst fall for the smallcap index since September 12, when it had tanked over 4 per cent
An analysis conducted by PRIME Infobase reveals the sectors where overseas funds turned the most bearish
The US Federal Reserve's benchmark interest rate was 0, while central banks in Europe and Asia even ran negative rates to stimulate economic growth after the financial crisis and through the pandemic
The benchmark Sensex climbed 405 points, or 0.62 per cent, to close at 65,632, while the Nifty 50 index advanced 110 points, or 0.56 per cent, ending the session at 19,546
This increase in the US bond yield, the most significant in roughly four decades, is consequential