Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of Rs 57,724 crore in September. Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities, after withdrawing Rs 34,252 crore in April-May.
Foreign investors have poured Rs 57,359 crore into Indian equities in September, making it the highest inflow in nine months, mainly driven by a rate cut by the US Federal Reserve. With this infusion, foreign portfolio investors' (FPIs) investment in equities has surpassed the Rs 1 lakh crore mark in 2024, data with the depositories showed. Going ahead, FPI inflows are likely to remain robust, driven by global interest rate easing and India's strong fundamentals.
The question is: Will the company have a strong balance sheet to support this massive investment plan?
News of all that's transpired on and off the football field
Jim Carrey has taken to sketching not-so-favourable cartoons of the US president and his administration.
Floyd Mayweather Jr. preserved his unbeaten record as a professional with a unanimous decision victory over Manny Pacquiao of the Philippines in their welterweight mega bout at theMGM Grand Garden Arena on Saturday.
Spain strolled to a 4-1 win at home to Israel, while Italy survived some first-half scares on the way to a 2-0 win and Ukraine registered a 1-0 home win over Ukraine in an action-packed game.
