Key Points
After all, fresh foreign purchases will be key to revival of the stock market that has slid in the past two weeks after hitting all-time highs in mid-September..
But with the surge in global oil prices, US bonds yields and the dollar contributing to fresh risk aversion in emerging markets, including India, brokers and strategists say the mood of the foreign investors remains cautious.Agencies"The hawkish stance of the Fed will lead to higher rates and the valuations are already high as per historical valuations," he said.. Mumbai: Will overseas fund managers renew purchases of Indian equities in October after pulling 14,768 crore out of stocks here in September - the first time in six months?.
"FPI inflows have been volatile given headwinds such as monsoon deficit in India, higher US Fed rates and crude oil prices going up," said Amnish Aggarwal, head of institutional research at brokerage Prabhudas Lilladher..
"The recent hikes in the 10-year yields of US bonds along with the appreciating dollar has led to emerging markets' currencies depreciating," said Nischal Maheshwari, CEO-institutional equities at Centrum Broking..
"The dollar index moving above 105 and the sharp rise in US bond yields are not favourable for capital flows to India in the near-term," said VK Vijaykumar, chief investment strategist, Geojit Financial Services...
You might be interested in
Investors flee shares on widening war fear
10, Oct, 23Surging oil prices emerge as top concern for investors in India
With 8% gains YTD, India still underperforming in global bull race; will it catch up?
14, Jul, 23Thanks to foreign investors' relentless buying, the benchmark Nifty50 and Sensex have risen more than 15% from the March lows and reached new highs. Indian equities also joined the club of the best-performing markets in 2023. However, compared to other emerging and developed market peers, India underperforms.
Israel-Palestine War: Brace for sharp swing in equities on heightened geopolitical risks
09, Oct, 23Stocks in Israel and the Middle East dropped on Sunday in response to the heightened tensions in the region. Israel equities plunged 5.8% at the time of going to print. Saudi Arabia was down 1.7%, while Kuwait and Qatar markets were trading weak.
Oil prices rise as Israel and Hamas cautious on a truce in Gaza
27, Feb, 24By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged higher on Tuesday as the market focused on uncertainty over a potential Gaza ceasefire and some expectations that producer group OPEC+ will
Indian shares struggle on weak global cues, higher crude prices
28, Sep, 23Indian shares struggled to add to initial gains on Thursday as weakness in global equities markets over fears of higher interest rates and surging crude prices weighed.
Sensex Today | Share Market Live Updates: Sensex, Nifty may open higher tracking Gift Nifty
28, Sep, 23Sensex Today Live | Stock Market updates: Sensex and Nifty may open higher on Thursday tracking Gift Nifty. Asian stocks declined as investors fret over higher interest rates higher and rising oil prices
Rupee falls 24 paise against US dollar
07, Jun, 23Mumbai, Jun 5 (PTI) The rupee fell 24 paise to close at 82.63 against the US dollar on Monday, weighed down by the strength of the American currency against major rivals and rising crude prices in the international markets. At the interbank foreign exchange, the domestic unit opened at 82.47 against the dollar, and finally […]
Oil rebounds from 3-week low, settles up despite stronger dollar
04, Oct, 23By Stephanie Kelly NEW YORK (Reuters) -Oil prices recovered to settle slightly higher on Tuesday after sinking to three-week lows, pressured by a stronger U.S. dollar and darkening global economic
9 common mistakes equity investors must avoid now as stock market flirts with peak
09, Aug, 23While optimism is contagious, it's essential to proceed with caution and avoid falling into common traps that can adversely affect our financial journey.
US rates, Dollar & Crude: How a rare trinity could pose a significant macro challenge to India
03, Oct, 23In combination, the three macro-indicators could support already high inflation across many countries by making goods and fuel imports costlier, and disrupt capital flows across the globe, imposing more hardship on debt and current account-stressed countries.