FPIs sink ₹94,017 crore into Indian equities; Outflows hit record high in October due to high market valuations

FPIs sink ₹94,017 crore into Indian equities; Outflows hit record high in October due to high market valuations

Foreign Portfolio Investor (FPI) The selloff in Chinese stock markets reached record highs in October amid ongoing geopolitical tensions and cheap valuations, continuing their strong selloff in the Indian market. The FPI outflows recorded in October were the highest ever in a single month in Indian markets. Specifically, it comes before US presidential election resultsFPIs…

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Shankar Sharma warns of challenges for Indian stock market in Samvat 2081, sees opportunity in Chinese stocks

Shankar Sharma warns of challenges for Indian stock market in Samvat 2081, sees opportunity in Chinese stocks

indian stock market It performed impressively last Samvat, with the benchmark Nifty 50 rising nearly 25 per cent. However, according to Shankar SharmaSamvat 2081 could be a challenging year with moderate to negligible returns for the well-known investor and founder of AI-tech company GQuant. “India’s performance over the past year has been extraordinary, to say…

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Oil rises more than 2% on lower US crude extraction, OPEC+ production hike delayed; Brent recovers from 6% fall to /bbl

Oil rises more than 2% on lower US crude extraction, OPEC+ production hike delayed; Brent recovers from 6% fall to $73/bbl

International crude oil prices jumped on Wednesday, October 30, rising more than two percent after data showed US crude and gasoline inventories unexpectedly fell last week and according to reports Organization of Petroleum Exporting Countries (OPEC) Its planned oil production growth will likely be delayed. After falling more than six percent at the start of…

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