Posts in category Business Standard
FPIs take out Rs 9,800 cr in Oct amid rise in US bond yields, uncertainties (15-10-2023)
Foreign investors have pulled out nearly Rs 9,800 crore from Indian equities this month so far owing to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict.
This came after Foreign Portfolio Investors (FPIs) turned net sellers in September and pulled out Rs 14,767 crore.
Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
This inflow was largely due to the reduction in US inflation from 6 per cent in February to 3.2 per cent in July. The temporary pause in the US Federal rate hike from May to August also played a role, Kislay Upadhyay, smallcase manager and Founder of FidelFolio Investments, said.
Going ahead, the trajectory of FPIs' investments in India will be influenced not only by global inflation and interest rate dynamics but also by the developments and intensity of the Israel-Hamas conflict, Himanshu Srivastava,
Gold price unchanged at Rs 58,910, silver price unchanged at Rs 72,600 (14-10-2023)
The price of 22-carat gold remained the same as yesterday with the yellow metal selling at Rs 54,000
Sensex down 342 pts, banking shares weigh on indices; Infosys down over 2% (13-10-2023)
Key Asian indices were in the red and Hong Kong's Hang Seng Index dropped more than 2 per cent
G20 ministerial for swift implementation of roadmap to deal with crypto (13-10-2023)
The G20 Roadmap on Crypto Assets adopted by the G20 Finance Ministers was spelt out in a Synthesis Paper prepared jointly by the International Monetary Fund (IMF) and Financial Stability Board (FSB)
Market regulator Sebi to seek fresh feedback on trading hour extension (13-10-2023)
Earlier, NSE had said it had carried out an extensive consultation process for about nine months and had obtained consensus from most industry players
Sebi to auction 9 properties of Orion Industries, Rakhal Bharoti cos (13-10-2023)
Capital markets regulator Sebi on Friday said it will auction nine properties belonging to Orion Industries Ltd and Rakhal Bharoti group of companies to recover investors' money raised by these firms.
The nine properties to be auctioned include land parcels located in West Bengal and Jharkhand. The total reserve price of these properties is pegged at around Rs 9 crore, the Securities and Exchange Board of India (Sebi) said in a notice.
Inviting bids for the sale of the properties in the recovery proceedings against Orion Industries Ltd and Rakhal Bharoti group of companies, along with their respective promoters and directors, Sebi said the auction will be conducted through online mode on November 20 from 10.30 am to 12.30 pm.
Quikr Realty Ltd has been engaged by Sebi to assist it in the e-auction.
Of the 9 properties to go under the hammer, seven belong to RB Group of companies, which comprises Rakhal Bharoti Fish and Food Processing Ltd and R B Horticulture and Animal Project Ltd,
Gold set to mark best week in 7 months as markets price in end of Fed hikes (13-10-2023)
Spot gold rose nearly 1% to $1,886.40 per ounce by 0932 GMT. U.S. gold futures added 0.9% to $1,899.20
Crypto wrap: Israel-Hamas war ignites sell-off, Ethereum lowest since March (13-10-2023)
Cryptocurrency news: A higher-than-expected US inflation in September also resulted in a sell-off pressure in the market
IndiGo co-founder Gangwal in talks to buy ‘sizable’ stake in SpiceJet (13-10-2023)
IndiGo shares were up 0.9% in afternoon trading on Friday
Tata Motors zooms 5% to fresh high; DVR shares jump 4% amid EV subsidy buzz (13-10-2023)
According to media reports, the government is working on a policy to support local manufacturing of electric cars, a decision likely to provide a level playing field for the industry