In the first five trading sessions of November, FPIs sold equities worth 19,993.7 crore ($2,374.6 million) net according to the data from NSDL. This compares with a massive selling of 44,914 crore ($5,352.1 million) in the first five sessions of the previous month, forming nearly half of the total selling worth 94,017 crore ($11,195.4 million) for the whole month.
In its consultation paper, Sebi has proposed that only agreements, including shareholder, joint venture and family settlement, that affect the management and control of the firm and are known to the firm should be considered price-sensitive and included in the illustrative list of events under the definition of UPSI.
The Indian government is considering raising the wage ceiling for the Employees' Provident Fund Organisation (EPFO) to 21,000 and lowering the employee count threshold for mandatory enrollment from 20 to 10-15. These measures aim to expand social security coverage for workers, aligning with the upcoming Social Security Code.
There is possibility of more consolidation or minor weakness towards the key supports of 23,900-23,800. One may expect emergence of buying again from near the supports.
The shift in stock sentiment was observed after the company reported a net profi t jump of 145% and asset quality improvement, said Rajesh Palviya, head of technical and derivatives research at Axis Securities. Traders can buy in the range of Rs 105-103 with a stop loss of Rs 100 for a target of Rs 110-112, he said.
The ECB has already lowered borrowing costs three times since June and is widely expected to do so again next month. Holzmann is one of the most hawkish officials and was the sole dissenter on the initial rate cut.
The Republican president-elect made plenty of campaign promises: steep tariffs, tax cuts, business-friendly deregulation and tighter immigration laws, to name some. For investors who plowed into stocks last week on speculation Trump's policies will bolster the economy, the challenge is to figure out which sectors will get a lasting boost.
Economists predict that the Reserve Bank of India may postpone a rate cut until February. This delay is attributed to concerns about rising inflation and global market instability. The central bank is closely monitoring food inflation, particularly in edible oils and vegetables. Despite these concerns, some analysts anticipate a rate cut in December, citing slowing economic growth.
