Key Points
BENGALURU, Sept 26 (Reuters) - Indian benchmark Nifty (.NSEI) traded in a narrow range on Tuesday as traders held off making big bets amid continued selling by foreign investors, while domestic institutional buying offered some cushion...
"The foreign investor selling due to the Fed outcome is being offset by buying from domestic institutions and high net worth individuals as they are still bullish on the India story," said Deepak Jasani, head of retail research, HDFC Securities...
The upside also looks limited and we may not go beyond the recent highs," Jasani said.. Foreign institutional investors (FIIs) have been net sellers so far this month, offloading shares worth $1.36 billion as of Sept. 22 after pouring in over $15 billion into Indian equities this year...
On Monday, FIIs sold 23.33 billion rupees ($280.24 million)worth of shares, while domestic investors bought 15.79 billion rupees worth of shares, as per provisional exchange data...
IT stocks (.NIFTYIT) remained weak, falling 0.5% on worries over demand uncertainties due to a higher interest rate environment in the U.S., a key market for Indian IT companies...
You might be interested in
Indian shares set to open little changed; earnings awaited
01, Aug, 23Indian shares are set to open little changed on Tuesday after a positive start to the week as investors awaited a slew of quarterly results across sectors.
Foreign funds are selling Indian stocks at fastest pace in months
30, Oct, 23Overseas funds sold $768.4 million of local shares last Thursday alone, the biggest single-day outflow since June 2022 on a net basis, according to the latest data compiled by Bloomberg. Overall, they have withdrawn $1.2 billion in the week through Oct. 26, with Fridays data yet to be released. Thats already the largest withdrawal in any week since early February.
Indian shares set for muted opening on weak global cues
27, Sep, 23Indian shares are set for a muted opening on Wednesday, tracking weakness in global equity markets as investors continue to grapple with prospects of higher interest rates denting economic growth.
Sensex, Nifty tread water as rate worries dent risk appetite
26, Sep, 23India Business News: The Indian benchmark Nifty traded within a narrow range as foreign investors continued to sell, while domestic institutional buying provided some supp
Indian stocks flat as global rate fears trigger foreign outflows
26, Sep, 23Indian benchmark indexes were muted on Tuesday as some domestic buying helped limit losses from a relentless selling by foreign funds over fears that global interest rates will stay higher for longer.
Indian shares set to open lower as investors eye US jobs data
01, Sep, 23Indian shares are set to open marginally lower on Friday, on caution ahead of a key U.S. jobs report, which could influence the Federal Reserve's rate decision later this month.
Ahead of Market: 10 things that will decide D-Street action on Thursday
27, Mar, 24​Benchmark Sensex climbed 526 points while Nifty closed above the 22,100 level on Wednesday following buying in banking, auto and oil shares after positive macro data. The 30-share BSE Sensex climbed 0.73% to settle at 72,996 with 18 of its stocks advancing and 12 closing lower.
Indian shares likely to edge up, rate worries at fore
27, Jun, 23Indian shares are seen opening marginally higher on Tuesday after trading in a narrow range in the previous session, as investors look for new triggers, while interest rate worries are likely to keep investors on edge.
By opening $1 billion purse, FIIs turn net buyers in November after 2 months
01, Dec, 23NSDL data shows that FIIs have bought Indian stocks worth about $1 billion last month in which Nifty ended 5.6% higher. The buying by FIIs, DIIs as well as ever-bullish retail investors have led to an increase in the total market capitalisation of all BSE-listed stocks to $4 trillion and catapulted the index to all-time high levels