Posts in category Business Standard
FPIs take out over Rs 25,586 cr from equities in May on poll jitters (02-06-2024)
Foreign investors pulled out a massive Rs 25,586 crore from Indian equities in May due to uncertainty surrounding the outcome of general election and outperformance of Chinese markets.
This was way higher than a net outflow of over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields.
Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while they took out Rs 25,743 crore in January, data with the depositories showed.
Going ahead, election results, which will be out on June 4, could determine FPIs flows into Indian equities in the near future.
In the medium term, US interest rates will exert more influence on FPI flows, Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
According to the data, Foreign Portfolio Investors (FPIs) made a net withdrawal of Rs 25,586 crore from equities in May.
The relatively high valuations and weak earnings, .
Sensex may target 80,000 levels post exit poll data. Check key levels here (02-06-2024)
However, in case, the BSE Sensex is unable to break past the 76,275 level, we may enter a consolidation range, wherein the support at 72,240 becomes a crucial level.
Bitcoin debate heats up over software update to add fresh features (01-06-2024)
The front-runner in upgrade debate is a program called OP_CAT - a small software tweak that would add about 10 lines to the code that enables linking of two elements together, so-called concatenation
S.M. Gold standalone net profit rises 42.86% in the March 2024 quarter (01-06-2024)
Sales rise 47.25% to Rs 35.28 crore
Sayaji Hotels (Pune) consolidated net profit rises 48.86% in the March 2024 quarter (01-06-2024)
Sales rise 23.26% to Rs 19.45 crore
Zeal Aqua standalone net profit rises 280.95% in the March 2024 quarter (01-06-2024)
Sales decline 0.46% to Rs 65.04 crore
Jatalia Global Ventures reports standalone net loss of Rs 0.17 crore in the March 2024 quarter (01-06-2024)
Reported sales nil
Atul Auto’s sales in May 2024 rises more than 2x to 2,331 units (01-06-2024)
Atul Auto said that it has recorded sales of 2,331 units of autovehicles in May 2024, which is an increase of 111.72% as compared with the sales of 1,101 units recorded in May 2023.
TVS Motor total sales climb 12% YoY in May’24 (01-06-2024)
TVS Motor Company said that its total sales jumped 12% to 369,914 units in May 2024 as compared with 330,609 units in May 2023.
TVS Motor total sales climb 12% YoY in May’24 (01-06-2024)
TVS Motor Company said that its total sales jumped 12% to 369,914 units in May 2024 as compared with 330,609 units in May 2023.