The Nifty 50 rose 1.08 percent to 22,409.15 while the BSE Sensex gained 1 percent to 73,860.7 respectively, as of 10:22 AM, after initial rise of 1.9 percent in the morning.
Foreign institutional investors saw record net outflows of Rs 1.14 lakh crore in October. Yet domestic investors pumped in nearly that amount, preventing a further fall in the stock market.
Factors influencing the bearish trend in Indian markets include appreciation of Japanese Yen against US dollar, fears of a possible recession in US and rising geopolitical tensions.
Bengaluru: India's benchmark index Nifty 50 surged to record closing high on Wednesday, boosted by state-owned companies, while investors awaited key inflation readings and...
The cross-border initiative connecting India & Singapore’s capital markets will now be traded from GIFT city in Gandhinagar, the country's 1st international financial services centre.
The rebound comes after the recent selloff in Adani group stocks, which has caused a rout of over $100 billion in market capitalisation after Hindenburg's report on 24 January.
Of 50 stocks in Nifty 50, 11 are of firms in financial services, 6 in auto, 5 in IT services, 4 in pharma. Manufacturing has poor representation outside auto. Few conglomerate business houses remain.
If you are a foreign investor, remember that India has reached a scale where a 10% equity exposure in your portfolios is a necessary growth allocation.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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