Indian stocks

June 13, 2024 11:10 AM

Indian stock market hits fresh record highs

The Indian stock market surged to new record highs on Thursday, boosted by easing retail inflation in both India and the US, and expectations that the US Federal Reserve might cut interest rates soon. The Sensex gained 379.66 points, or 0.50%, to trade at 76,986.23, while the Nifty rose 118.00 points, or 0.51%, to 23,441.00. Market sentiment was positive, with 2,123 shares advancing, 346 shares declining, and 107 shares remaining unchanged. India's annual retail inflation eased to a 12-month l...

June 2, 2024 4:05 PM

FPIs sold over Rs 25,000 Cr in Indian stocks in May, turning net sellers second month

The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, standing at Rs 25,586 crore as the month ended. The consistent offloading of money from Indian stocks is partly attributable to a strong US dollar, sticky inflation particularly in the food segment, and poll outcome-related anxieties. However, in the past few sessions, they seemed to have slowed down on selling, expecting a strong performance in the indices. Both Nifty and Sensex also touc...

May 1, 2024 11:37 AM

Foreign portfolio investors turn net sellers in Indian stocks in April

Foreign portfolio investors (FPIs) offloaded Indian stocks in April, following two consecutive months of being net buyers. The ongoing geopolitical crisis in the Middle East, coupled with the strength of US bond yields, likely pushed investors to withdraw funds from their portfolios. Foreign portfolio investors (FPIs), who continued to remain net buyers for the third month until a fortnight ago, have cumulatively sold stocks worth Rs 8,671 crore, the latest data from National Securities Deposit...