MUMBAI: Foreign investors sold about Rs 94,000-crore ($11.2 billion) worth of Indian stocks in October – the biggest monthly outflow ever – triggered by elevated stock valuations in India and lucrative prices in China, NSDL data showed.FPIs, or foreign portfolio investors, have a huge influence on Dalal Street, and their latest flight has dragged key…
MUMBAI: Foreign portfolio investors have sold Rs 58,711 crore ($7 billion) worth of equity in Oct, being net sellers in all eight trading sessions so far. In Sept, FPI investments had reached a nine-month high of Rs 57,724 crore.FPIs also offloaded Indian bonds, though net bond sales were modest at Rs 709 crore due to…
Spot gold tested a new lifetime high last week due to a combination of factors that have converged to propel the demand for the yellow metal. Multiple catalysts like US rate cut speculation, China’s economic stimulus, and renewed geopolitical tensions attributed to the rise in prices. Prices on the London spot market surged near to…
Representative Image The recent equities rally has stolen the sheen from gold ahead of the festive season that starts from Ganesh Chaturthi. Jewellers and industry executives said gold sales are down by up to 15 per cent compared to last Ganesh Chaturthi despite prices falling below Rs 60,000 per 10 gm. Though the price of…
