The financial district of Wall Street is slowly turning 'green'.
After two months of buying, foreign portfolio investors (FPIs) have turned net sellers in October by pulling out Rs 12,278 crore from Indian markets. As per depositories data, FPIs took out Rs 13,550 crore from equities but invested Rs 1,272 crore in the debt segment during October 1-29. The total net outflow stood at Rs 12,278 crore during the period under review.
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In the global market, the dollar was quoted lower in the early trade with investors looking ahead to the following day's European Central Bank policy decision.
According to a report by BofA-ML, capital markets are 'usually jittery prior to the declaration of election results as it is uncertain about the outcome'.
BofA-ML revised its end-2015 rupee-dollar forecast to 60 from 64 earlier.
2022 is shaping up as the year brimming with job opportunities for people who possess relevant skillsets. Therefore, it is crucial for fresh graduates and young professionals to enroll in relevant certification courses to add more feathers to their introductory portfolio
The Reserve Bank may cut key interest rates as early as this week.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
Experts say the market is more bullish on the BJP as it will ensure continuity in policymaking.
The next key battle the market will watch out for will be in Congress-ruled Karnataka
Brokerage firm CLSA says in its interactions with government officials, measures such as the dollar-deposit scheme were under consideration.
The British pound was down nearly 9 per cent in early morning trade.
Amid slowing growth and low interest rates, investors will need to focus on stock-picking, suggests John Remmert.
In the broader market, the BSE Midcap was down 0.2%, while BSE Smallcap fell 0.1%.
It will be the first to go, in what has become an overcrowded segment since India first allowed futures trading in commodities in 2003.
The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
Gold has held up better than many expected.
At a time when major economies have increased spending, India will have to do the same.
Bullion may settle with limited upside potential
Co-founders of India's latest unicorn expected Covid-19 to be a speed breaker; instead it accelerated sales. Cars24 now enjoys more than 90 per cent market share among all other similar online transaction platforms. Dhruv Munjal traces the birth of this used-cars platform.
'A positive oil shock has a detrimental effect on growth and activity.'
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The road ahead for the markets in the short term will depend on external factors rather than domestic developments.
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Microsoft saw its shares fall 2.6% on Monday.
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
They believe that long-term story is intact.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
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