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Foreign investors heavily sold Indian equities in August, withdrawing over 80,000 crore in July and August combined. Financial services faced the brunt, with 9,817 crore offloaded in the second half of August, following 13,471 crore earlier. IT stocks also experienced sustained pressure, with FPIs selling 4,905 crore in the latter half after an earlier sell-off.
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News and Media
"Russia appears to be escalating with the largest attack of the war hitting offices of the UKR Cabinet in Kyiv," Keith Kellogg wrote on X, adding, "The attack was not a signal that Russia wants to diplomatically end this war."
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News and Media
Since the severe foreign exchange crisis of 1991, one word that has become familiar to every Indian household is foreign investment, or FDI.
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News and Media
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,06,250.95 crore last week, with Bajaj Finance and Reliance Industries emerging as the biggest gainers, in line with an optimistic trend in equities.
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News and Media
Indian equity benchmarks closed the week positively due to strong economic data and policy reforms. Sudeep Shah of SBI Securities discussed the outlook for Nifty and Bank Nifty. Nifty faces resistance at 24950-25000 and support at 24550-24500. Bank Nifty is underperforming, with resistance at 54500-54600 and support at 53600-53500.
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News and Media
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