Indian markets resumed their upward trajectory on Friday, rebounding from the heightened volatility triggered by the Union Budget 2024’s capital gains tax hike and an STT increase on derivatives. Despite less favorable global cues and foreign portfolio investors pulling out of Indian equities following the budget announcement, the indices staged […]
fpi inflows
Deepak Jasani, Head of Retail Research at HDFC Securities, believes the market will witness some profit booking post the Budget. However, Jasani added that after some correction, in case of no negative news, it will attempt to go higher again. Suggesting a market strategy with the Union Budget in mind, […]
In a remarkable display of resilience and strength, Indian benchmark indices reached another record high in today’s session, continuing their bullish momentum for the eighth consecutive trading day (excluding a minor 0.14% dip on Friday). The resurgence in foreign portfolio investor (FPI) inflows, coupled with robust retail participation through mutual […]
After a strong 2023, foreign portfolio investor (FPI) inflows into Indian equities were relatively modest in the first half of 2024, amounting to ₹3,201 crore. This follows a substantial inflow of over ₹17,000 crore in the previous year. Despite the market’s bullish trend and multiple new highs, FPIs remained cautious […]
It appears that the bulls have asserted complete dominance over the Indian market, leaving no opportunity for the bears to intervene. Achieving new record highs, surpassing significant milestones, and establishing fresh benchmarks have become routine during this recent bullish phase. Consequently, leading Indian indices have consistently surpassed their previous record […]
This marks the index’s third consecutive day of hitting record high, with six new highs achieved in June alone and more potential in the nine remaining trading days of the month. In May, the index set new records four times. Throughout CY24, the index has set record highs 32 times. […]
Foreign investors have paused their relentless selling over the election outcome, turning net buyers of shares worth ₹11,730 crore last week (June 10-15), according to NSDL data. This shift marks a sharp contrast to the intense selling seen in the last couple of months. In April, foreign investors were net […]
Edited excerpts: Market has been on a high, will it remain the same ahead of election results or will there be a correction? Markets work like discounting machines that often incorporate forward-looking events into current prices. They typically show a reversal only when unexpected surprises occur. Events like election results […]