With Donald Trump coming in, I cannot overemphasise how much change is going to happen. Republicans retain their hold of the House, clinching full control of Congress.
India is poised to become the second-largest recipient of global investments after the US during President Trump's second term. Investors are drawn to India's potential as a market, its alignment with Trump's policies, and its strong economic growth prospects, particularly in sectors like energy, infrastructure, and consumer goods.
Benchmark indices - Sensex and Nifty - are almost 10% down from their peaks made on September 27, led by a sell-off by foreign investors sparked by a rebound in Chinese equities and disappointing earnings in the September quarter. The Midcap 150 index declined 10.9%, SmallCap 250 index dropped 9.1% and the Microcap 250 fell 8.3% in this period.
Adani Green Energy is seeking to raise approximately $2 billion through bonds and loans in the coming months. The company plans to issue a $600 million bond in the near future and is also exploring a private placement for one of its subsidiaries.
Israeli media outlet Ynet News, citing Iran International, reports that Iran's Supreme Leader Ayatollah Ali Khamenei is in a coma. The Assembly of Experts allegedly chose his son, Mojtaba Khamenei, as his successor during a secret meeting on September 26. The decision is being kept secret to avoid potential public backlash. Iranian authorities have not confirmed these reports.
Foreign Portfolio Investors (FPIs) continued selling off Indian equities in the second week of November, although at a slower pace than the previous week and month. Despite this trend, FPIs increased their investments in the Indian primary market. Meanwhile, domestic funds continued pouring money into the equity market.
India is proceeding with its free trade agreement negotiations with various countries and blocs, including the UK and the EU, according to a government official. Despite rumors of pauses, talks are progressing as planned, with a meeting between Indian and EU trade representatives scheduled soon.
