Rajya Sabha MP Kapil Sibal criticizes RSS Chief Mohan Bhagwat’s Vijayadashmi speech, questioning who is heeding his call for social harmony. Bhagwat highlights threats from ‘Deep State’, ‘Wokeism’, and ‘Cultural Marxists’, and stresses the need for Hindu unity and empowerment amid regional tensions.
Gold regains its lost charm in the recent week (13-10-2024)
The redemption price will be in Indian Rupees based on the simple average of closing price of gold of 999 purity of previous 3 working days published by IBJA. The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value
Learn with ETMarkets: As silver surges ahead, here’s how to trade this precious metal (13-10-2024)
Silver is a key component in photovoltaic cells used in solar panels, and with the global push for renewable energy, this demand is expected to continue rising. As nations like India and China expand their clean energy infrastructure, silver’s industrial use becomes even more crucial
FPIs take out ₹58,711 crore from equities in October on geopolitical crisis, strong Chinese stocks (13-10-2024)
According to the data, FPIs made a net withdrawal of ₹58,711 crore from equities between October 1 and 11
Odds of a swift downside in Nifty appear low. Anand James explains why (13-10-2024)
Nifty Bank and Nifty weeklies cater to different types of traders. While Nifty is a broad market benchmark, Nifty Bank is a sectoral index and has the least number of constituents and a lower lot size making it the most volatile of the two
Baba Siddique earned praised during pandemic, was friends with Bollywood stars (13-10-2024)
Former Maharashtra minister Baba Siddique, a well-known Bollywood figure and three-time MLA from Bandra (West), was shot dead in Mumbai. He was noted for his efforts during the Covid pandemic and his close ties with Bollywood. Siddique recently joined the NCP enhancing their influence in Mumbai.
FPIs take out Rs 58,711 cr from equities in Oct on geopolitical crisis (13-10-2024)
Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market.
The outflow came following a nine-month high investment of Rs 57,724 crore in September.
Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities, after withdrawing Rs 34,252 crore in April-May. Overall, FPIs have been net buyers in 2024, except for January, April, and May, data with the depositories showed.
Looking ahead, global factors such as geopolitical developments and the future direction of interest rates will play a crucial role in determining the flow of foreign investments into the Indian equity markets, Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, said.
According to the data, FPIs made a net withdrawal of Rs 58,711 crore from equities between October