Posts in category Economic Times
FPIs take out Rs 14,800cr from equities in Jun on poll results, attractive Chinese stock valuations (09-06-2024)
Foreign investors withdrew nearly Rs 14,800 crore from domestic stocks in the first week of this month, influenced by India's Lok Sabha election results and attractive valuations of Chinese stocks.
Mcap of 8 of top-10 valued firms jumps Rs 3.28 lakh cr; TCS, HUL, Reliance lead winners (09-06-2024)
Eight of the 10 most valued domestic firms together added Rs 3.28 lakh crore to their market valuation last week, with blue-chips Tata Consultancy Services, Hindustan Unilever and Reliance Industries emerging as the biggest winners. In an eventful week, the BSE benchmark jumped 2,732.05 points or 3.69 per cent.
F&O Talk | Markets may expect buying on dips with cool-off in India VIX: Sudeep Shah of SBI Securities (09-06-2024)
Bulls returned to Dalal Street with full force on Friday, as the Sensex closed over 1,600 points higher, reaching a new all-time high, while the Nifty 50 advanced over 468 points. Both indices successfully erased all losses from June 4.
FOMC, FII action among 10 factors to dictate D-Street mood this week (09-06-2024)
The Nifty index closed the week with a 3.6% increase amidst two significant occurrences: the highly anticipated election results and the monetary policy decision by the Reserve Bank of India (RBI). As trading resumes on Monday, a range of significant domestic and international events scheduled throughout the holiday-shortened week are expected to influence market movements.
Bitcoin rally and ‘short memories’ reignite everything in crypto (09-06-2024)
Bitcoin's rally is reviving animal spirits in the financial world, with a surge in deal flow and investments. The crypto market sees a return of bull market hallmarks, including celebrity endorsements and new tokens creation at a rapid pace.
Over half of Aramco share sale allocated to foreign investors: Sources (09-06-2024)
Saudi Arabia placed over half of an $11.2 billion share sale in Aramco with foreign investors, two people with knowledge of the matter told Reuters on Saturday. Saudi Arabia has been seeking to lure international investment to pour tens of billions of dollars into projects to diversify away from its reliance on oil. Yet foreign investment has repeatedly missed targets.
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s (08-06-2024)
On Friday, Huang reached another milestone, surpassing personal computer pioneer Michael Dell to become the world's 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has increased by more than $62 billion this year, driven by the insatiable demand for Nvidia chips used in artificial intelligence tasks.
Utpal Sheth on key megatrends that can shape India’s future growth (08-06-2024)
“Even one megatrend will create multiple types of opportunities, multiple types of companies and business models that you will be able to participate in. I think the way the financial savings in the country will get channelised will be another megatrend,” says the CEO of Rare Enterprises.
FPIs net sellers of Indian equities at Rs 14,794 crore in June so far (08-06-2024)
Foreign portfolio investors were as unenthusiastic in June so far, as they were in April and May when they offloaded shares worth Rs 38,158 crore. Domestic institutional investors, however, continued to repose their faith in D-Street and remained on the buying side.