A combination of strong earnings and economic growth, and hopes of the Federal Reserve ending the rate-hike cycle have pushed gross buying of Indian equities by foreign portfolio investors (IPO) to a new high. In 2023, FPIs have been gross buyers of shares worth Rs 25.5 trillion, the highest ever in a calendar year. FPIs also sold shares worth Rs 23.9 trillion. On a net basis, they were net buyers to the tune of Rs 1.6 trillion, the highest since 2020.
The Federation of Automobile Dealers Associations (Fada) has raised concerns over the rising inventory levels of four-wheelers at dealerships which have now reached a 60-day stockpile or around 550,000 units. This situation could mean a significant financial burden on dealerships due to the additional interest cost for the extended holding period. These 60-day inventory levels are nearing the 2018-19 levels when inventory days had approached 70 days, leading to the closure of around 282 passenger vehicle dealerships.
Summary of sports events and persons who made news on Wednesday
Seven out of eight women street vendors reported experiencing high blood pressure, while women in the middle age group raised concerns about delays in their menstrual cycles due to the extreme heat.
When Pooja Hegde turned 33 on October 13, she went on a long holiday to the Maldives to celebrate.
Pendulum swings towards tighter measures against transgender athletes
A higher-than-expected consumer price inflation (CPI) print for March in the US has dashed hopes of an interest rate cut by the US Federal Reserve (US Fed) in June. Analysts now expect the US central bank to start cutting rates in September, provided inflation remains in check and oil prices remain supportive. The markets, analysts believe, partially factored in this possibility.
Most investors should have a 5% to 10% allocation to gold for diversification. They should stagger their investments to mitigate timing risk.
Harris, who is of Indian and African heritage, has received the backing from more than the 1,976 pledged delegates needed to win the Democratic Party's nomination on the first ballot, CNN reported on the first full day of her campaign.
'Investors should focus on largecap funds, flexicap funds, business cycle funds, or hybrid-category funds.'
'The struggle of insurgents and pro-independence political activists is fuelled by a deep conviction that not only is a free Balochistan possible, but they also believe that Pakistan will inevitably break apart, leading to Balochistan's independence.'
'We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.'
'We expect continued pressure on midcaps, but any sharp correction looks unlikely from here on.'
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
You don't prep for 2028 but for 2040, or even 2044. Sustained sporting excellence is based on mass support, grassroots development, and funding - and it is this trifecta India needs to work on, systematically, asserts Prem Panicker.
'Higher valuation remains the only spoiler for equities.'
FIDE acknowledged that this issue concerning transgender players presents an evolving challenge within the realm of chess and affirmed that further policy adjustments may be warranted in the future, contingent upon research findings.
Olympic champion Neeraj Chopra's Paris Games preparations will be put through a stern test when he begins his season in the first leg of the prestigious Diamond League one-day meet series against a star-studded but familiar field, in Doha on Friday.
Market participants attribute the stability to the Reserve Bank of India's timely intervention in the foreign exchange market, both in terms of selling and buying dollars.
'The present case is a classic case of how the ruling party led central government has misused the central agency- Enforcement Directorate and its wide powers under PMLA to crush its biggest political opponent -Aam Aadmi Party and its leaders'
Vinesh has now appealed to the CAS, the apex body to settle disputes related to sport through arbitration, who will return with a verdict tomorrow
Global fund managers remain bullish on the Japanese stock markets, which is now their most preferred destination in the Asian region. Both Morgan Stanley and Jefferies in their recent reports, have cited their preference for the Land Of The Rising Sun, which is fast becoming the land of the rising equities, too.
Briefing reporters, Nadda said his party has proposed that if holding the three-tier polls together was not possible immediately, then Lok Sabha and assembly elections can be held together first.
'The Opposition will continue to be attacked through misuse of agencies, civil society will be force-marched towards extinction and India's plummeting on global indices will continue.' 'Minorities and especially Muslims will continue to have open season declared on them. Institutions will continue their decline,' predicts Aakar Patel.
Sport's highest tribunal began a four-day hearing, on Monday, which could result in three-times Tour de France champion Alberto Contador being stripped of his 2010 title for doping.
Nadal aims to play at French Open, Olympics
A combination of factors, including heavy investments in US Treasury bonds and dollar sales at a healthy profit, facilitated the Indian central bank in transferring a record surplus of Rs 2.11 trillion to the government for 2023-24 (FY24). The RBI's dollar purchases increased in FY24, supported by robust capital inflows endorsing the economy's health.
Sankalp Gupta becomes India's 71st GM.
'Investment creates capacity and reduces inflation. Income, employment, and savings rise.'
Alberto Contador is free to compete again after Spain's cycling federation (RFEC) lifted his one-year doping ban on Tuesday but the Tour de France champion still faces the threat of possible appeals by two global bodies.
Foreign portfolio investors' (FPIs') net investments in the domestic debt market surged in December, marking a 77-month high, that is, since July 2017. According to market participants, this significant uptick in FPI inflows can be attributed to the post-domestic policy outcome and the US Federal Reserve's dovish stance at the December policy. FPI inflows into debt stood at Rs 18,393 crore in December against Rs 14,106 crore in November, according to data on the National Securities Depository Limited.
'.. if you do not want to take the asset allocation call.'' 'This category of funds can offer optimum risk-adjusted returns.'
Chhetri's record against the neighbours is quite impressive, scoring four goals in eight matches including a spectacular strike from a free kick in Kolkata in 2022.
Rider Stefan Schumacher's admission that he had used banned substances was welcomed by the German Olympic Sports Confederation (DOSB) and national cycling federation (BDR) on Friday.
Foreign portfolio investors (FPIs) sold shares worth Rs 20,170 crore ($2.4 billion) recently. This marked the fifth-highest weekly outflow from overseas funds since the beginning of 2008 and the largest since the last week of March 2020. Due to the Covid scare, FPIs had sold shares worth Rs 21,951 crore during that week, causing the market to decline by nearly 20 per cent.
International Cycling Federation (UCI) president Pat McQuaid enjoys the support of the International Olympic Committee despite the sport's tarnished image and the UCI's bitter row with the World Anti-Doping Agency, the IOC said.
Former cycling champion Lance Armstrong on Thursday agreed to pay $5 million to settle a federal suit claiming he defrauded his sponsor, the U.S. Postal Service, by using performance-enhancing drugs, his attorney and federal officials said.
Equity markets rallied after softer-than-expected inflation data in the US and UK rekindled hopes of the end of the rate-hiking cycle by major central banks. The soft inflation reading drove down bond yields and the US dollar, whetting the appetite for risky assets. The 10-year US bond yield fell below 4.5 per cent after topping 5 per cent less than a month ago.
'While Indian markets are indeed not inexpensive, the valuations of largecap stocks are still a considerable distance from being overstretched.'
In yet another controversy ahead of the Commonwealth Games in Delhi, a group of Indian cyclists has alleged that the selection trial for the event was not transparent and some worthy riders were ignored.
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