This is despite the fact that total FDI into India has fallen by 22 per cent from $58 billion in FY22 to $46 billion in FY23, according to the Reserve Bank of India.
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
The broader market performance, however, is expected to be better by virtue of good performance of state-owned banks on a low base.
The S&P BSE Midcap and the S&P BSE Smallcap indices slipped in red to shed over 1% each
The group began to outperform the broader market only with the onset of the pandemic in March 2020 while earlier it was largely keeping pace with the Sensex. The group's market cap is up 164.4 per cent since the end of March 2020 against a 105 per cent rally in the Sensex.
The US drug regulator raised the issue of significant deviations from the current good manufacturing practice (cGMP) in three of DRRD's plants in a letter issued in November 2015
Broader market underperformed with the BSE Midcap and the BSE Smallcap indices losing up to 0.2%
While the positive surprise has been the high growth in agriculture, the negative surprise is in the trade, transport, hotels segment where growth came lower than expected, says Madan Sabnavis.
Adani Ports, HUL and L&T gained the most, while ICICI Bank, ONGC, GAIL and Tata Steel lost the most
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
The S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively
BSE Auto index fell over 0.5% after reports that automobiles might get costlier post GST
Data released earlier by CAG shows capital expenditure by the Centre had contracted 9.2 per cent in Q2
Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm
Recovery seen in Q4, companies continue to focus on enhancing cash flow
'One of the biggest issues the Indian economy faces right now is of job creation...' 'The nexus between growth and employment has to be closed...' 'In the absence of a manufacturing expansion, the alternative is to have the service sector as the driver of both GDP as well as employment growth.'
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