Going ahead, the FPI selling trend is likely to continue in the near term till data indicate the possibility of a trend reversal. If the Q3 results and leading indicators reflect a recovery in earnings, the scenario can change with FPIs reducing selling and even turning buyers. Investors will have to wait and watch for the data, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
Posts in category Economic Times
Diversifying Horizons: Why Indians should consider investing abroad despite a strong domestic market (10-11-2024)
Global diversification offers Indian investors enhanced risk-adjusted returns by combining the growth of India and the U.S. markets. A balanced India-U.S. portfolio provides stability, currency diversification, and resilience during economic downturns.
Breakout Stocks: How to trade CDSL, Indian Hotels and Page Industries on Monday? (10-11-2024)
The Indian market ended in the red on Friday, marking its second consecutive day of losses. Both the BSE Sensex and Nifty50 closed flat with a negative bias.
These 7 penny stocks surge 15-35% in a week (10-11-2024)
Despite a 0.30% decline in Sensex, 7 penny stocks gained 15-35%, meeting criteria of market cap under Rs 1000 crore.
Wall Street turns to 2016, while stock market has to live in ‘24 (10-11-2024)
When Trump ran for president in early 2016, US equities were on shaky footing, posting their worst start to a year since the financial crisis with a drop of more than 5% in January. By the time of his inauguration, the S&P 500 was coming off a 9.5% gain in 2016 after ending 2015 in the red. The index was trading at 17 times projected earnings. The yield on 10-year Treasuries was around 2.5%, and the fed funds rate sat at 0.75%.
Tesla shares up 29% in 1 week. Here’s how to buy US shares (10-11-2024)
Tesla’s stock price surged by 29% in a week, pushing its market value past $1 trillion.
Asian Paints Q2 Net falls 42% on subdued demand (10-11-2024)
Asian Paints Q2 net profit fell 42.4% YoY to ₹694.6 crore, citing subdued demand, extended rains, and floods.
Trump impact: How has outlook for gold changed after US elections? (10-11-2024)
Gold prices experienced a sharp decline following Donald Trump’s victory in the US presidential election. Traders, initially concerned about a potential rise in the US fiscal deficit due to Trump’s proposed growth stimulation policies, drove an initial surge in gold prices. However, as markets embraced Trump’s growth vision, gold prices fell.
Genpact Q3 Net income rises 13% to $133 million (10-11-2024)
Genpact, a global professional services firm, reported a 13% rise in net income to $133 million for Q3 2024, driven by a 7% increase in revenue to $1.21 billion. The company forecasts continued revenue growth in the fourth quarter and full year, fueled by client demand for its data, technology, and AI solutions.
Divi’s Laboratories Q2 Results: Company posts 47% jump in net profit in Q2FY25 (10-11-2024)
Divi’s Laboratories witnessed a 46.6% surge in profit, reaching Rs. 510 crores in Q2FY25, fueled by robust growth in their custom synthesis business. This growth was driven by increased demand from new and existing customers seeking supply chain diversification beyond China.