Wall Street opened higher. The S&P 500 gained 4.92 points, or 0.11%, to 4,374.63 and the gained 85.91 points, or 0.65%, to 13,376.69 by 10:56 a.m. ET (1456 GMT)
Posts in category Business Standard
US treasury 10-year real yield exceeds 2% for first time since 2009 (21-08-2023)
Benchmark rose as much as 6 basis points to 2%, before easing little under that threshold, extending rise from 1.5% since mid-July. 30-year real yield up 6.6 basis points to 2.14%, new peak since 2011
FPIs’ investment value in Indian equities gains 20% to $626 bn in June qtr (21-08-2023)
The value of foreign portfolio investors’ holdings in the domestic equities reached USD 626 billion in the three months ended June 2023, which was 20 per cent higher from the year-ago period, according to a Morningstar report.
This could be attributed to good performance in the domestic equity markets as well as strong net inflows from foreign portfolio investors (FPIs).
According to the report, the value of FPIs’ investments in Indian equities rose from USD 523 billion as of June 2022 to USD 626 billion at the end of June 2023.
On a quarter-on-quarter basis, the value of such investment rose 15 per cent from USD 542 billion recorded in the three months ended March this year.
This has helped in pushing FPIs’ contribution to Indian equity market capitalisation marginally to 17.33 per cent for the quarter under review from 17.27 per cent for the March quarter.
After pulling out funds to the tune of USD 3.2 billion from the Indian equities in the March quarter, FPIs took a sharp U-tu
Sharp FPI outflows unlikely amid high US Treasury yields: ICICI Sec (21-08-2023)
Domestic brokerage says US yields, nearing a 16-year high, are at the upper range, as inflation is moderating
Here’s why Adani Power, Adani Energy shares rallied up to 16% in 3 days (21-08-2023)
In the past three trading days, Adani Energy Solutions and Adani Power have rallied more than 12 per cent after promoter and foreign portfolio investors (FPI) bought stake via open market
Bharat Forge hits 52-week high as arm secures order worth Rs 850 crore (21-08-2023)
In an exchange filing on August 21, the company said that Kalyani Strategic Systems, Bharat Forge’s wholly-owned subsidiary bagged two export orders to be executed over 18 months timeline
Data Patterns rallies 9% to hit record high on strong order book position (21-08-2023)
The government’s focus on liberalising foreign investment restrictions to achieve self-reliance under the ‘Atmanirbhar Bharat’ initiative is expected to keep the sector on a strong growth trajectory
Lemon Tree up 4%; hits new high on launching its first hotel in Rajkot (21-08-2023)
In past two days, the stock has surged 11 per cent after as the company launched its first property in Rajkot, and the sixth property of the group in Gujarat.
PNB Housing Finance jumps 8% on recovery of Rs 784 crore corporate NPA (21-08-2023)
So far this calendar year, the stock has rallied 56 per cent, as against a 6 per cent rise in the S&P BSE Sensex
Textile stocks in demand; Gokaldas, Indo Count, KPR surge up to 6% (21-08-2023)
Government initiatives like signing of FTAs with multiple countries & stability in export incentive policy to provide robust opportunities for Indian exporters.