Key Points
New Delhi [India], December 18 (ANI): Indian stock indices were highly volatile on Monday, to later settle for the day in the red, primarily attributable to profit booking by investors after a consistent rise over the past few weeks...
Indias benchmark Sensex and Nifty posted their longest weekly winning streak in six years last Friday, extending their rally to record highs, on the possibility of an interest rate cut in the US markets in early 2024..
Following a cumulative accumulation of Rs 9,001 crore in November, they have again made a beeline to invest in Indian stock markets, with Rs 42,733 crore invested so far in December, data from the National Securities Depository (NSDL) showed...
Manoj Purohit, Partner and Leader FS Tax, tax and regulatory services BDO India, said, the indication by the US Federal Reserve, the central bank of the US, that further interest rate hikes were unlikely going ahead, had flooded the Indian market with fresh cash flows from the foreign portfolio investors...
All in all, the momentum for the Indian cash equities market reflects a promising wind up of 2023 and a strong base for 2024 to start with, taking the foreign investments inflows to a new horizon..
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