FPIs dump ₹94,017 crore in Indian equities; outflow hits record-high in October on high market valuations

FPIs dump ₹94,017 crore in Indian equities; outflow hits record-high in October on high market valuations

Foreign portfolio investors (FPIs) extended their robust selling streak in the Indian market, with the sell-off hitting a record high in October amid ongoing geopolitical tensions and cheaper valuations in the Chinese stock market. The FPI outflows recorded in October were the highest ever in a single month in Indian markets. Notably, this comes ahead … Read more

Oil rises over 2% on low US crude draw, delay in OPEC+ output hike; Brent rebounds from 6% drop to hit $73/bbl

Oil rises over 2% on low US crude draw, delay in OPEC+ output hike; Brent rebounds from 6% drop to hit $73/bbl

International crude oil prices rebounded on Wednesday, October 30, rising more than two per cent after data showed US crude and gasoline inventories fell unexpectedly last week and on reports that the Organisation of Petroleum Exporting Countries (OPEC) will likely delay its planned oil output increase. After falling more than six per cent earlier in … Read more

US Elections 2024: Here’s how upcoming polls will impact crypto market; Experts weigh in

US Elections 2024: Here’s how upcoming polls will impact crypto market; Experts weigh in

The U.S. is presently at the forefront of critical factors that may influence financial markets. With the much-anticipated FOMC meeting in September and the upcoming November elections, attention is focused on the U.S. These events are significant, affecting not only traditional markets but also crypto enthusiasts who are hoping for legislation that could ease regulations … Read more

Election-packed 2024: A look at what’s in store for world markets as countries line up election dates

Election-packed 2024: A look at what's in store for world markets as countries line up election dates

Voters in India, meanwhile, will cast ballots later this month, with self-styled strongman Narendra Modi expected to win a third term as prime minister in the world’s most populous country. Taiwan, Portugal, Russia and Turkey have already held elections. By year-end, countries accounting for over 60% of the world’s economic output and more than half … Read more