The Indian market snapped a three-day losing streak on Thursday, with the Sensex and Nifty staging a broad-based rebound after the U.S. Federal Reserve delivered a 25-basis-point rate cut overnight. The recovery came even as the rupee weakened to a fresh record low amid mounting concern over the absence of a U.S. trade agreement. The…
Foreign Institutional Investors (FIIs) have remained net sellers in the Indian equity markets so far in November, offloading shares worth Rs 15,659 crore and purchasing Rs 11,894 crore through the primary market, resulting in net outflows of Rs 3,765 crore till November 29. However, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial…
The Indian equity market staged a strong recovery last week, with the Nifty breaking a three-week losing streak and closing nearly 2% higher despite weak global cues amid the rising threat of tariff wars with multiple trading partners. This rebound was driven by encouraging macroeconomic indicators, a fall in the dollar index, and liquidity infusion…