FIIs invest ₹14,064 crore in the Indian equity market this week, with buying expected to persist.
Foreign institutional investors (FIIs) have ramped up their buying this week, pouring ₹14,064 crore into the cash market as Indian markets demonstrate resilience amid strong economic performance, data released on Saturday revealed. As of September 20, total FII investments reached ₹33,699 crore, bringing
Mutual Funds or ETFs?
Dr Krishna Gupta, YBB Personal FinanceIt’s a hot topic, but first some information about mutual funds & ETFs.Mutual funds are open-end funds (OEFs) that go back to 1920s. They are pools of stocks,bonds & alternatives that are passively (indexed) or actively managed. They
Sensex surpasses 84,000 for the first time, while Nifty reaches a new record high.
India’s leading stock indices hit all-time highs on Friday during mid-session trading, buoyed by positive market sentiment following the US Federal Reserve’s rate cut. The Sensex and Nifty achieved new peaks of 84,213 and 25,716, respectively, marking the first time the Bombay Stock
Tupperware Files for Bankruptcy as Its Iconic Containers Decline in Popularity
Tupperware Brands (TUP.N) has filed for bankruptcy protection in Delaware, struggling with significant losses due to waning demand for its once-popular colorful food storage containers. The brand saw immense popularity in the 1950s when “Tupperware parties” became a social staple, empowering women of
US Fed Rate Cut Expected to Boost Investment and Business Sentiment; Focus Shifts to India
Analysts welcomed the US Federal Reserve’s recent rate cut of 0.5 percentage points (50 bps), citing it as a positive move amidst a strengthening US economy with stable inflation. Attention now turns to India, which is currently the fastest-growing economy in the world.
Sensex and Nifty Reach Record Highs Following US Fed’s Rate Cut Announcement
Indian benchmark indices surged to all-time highs on Thursday after the US Federal Reserve announced a significant 50 basis point rate cut, signaling the start of an easing cycle that may lead to further reductions. By 9:39 a.m., the Sensex had risen 687
Sensex Trades Flat Ahead of U.S. Federal Reserve Meeting
Indian equity indices opened flat on Wednesday, reflecting a mixed trend in global markets as investors await the U.S. Federal Reserve’s monetary policy decision later today. At 9:42 a.m., the Sensex was up 38 points, or 0.05%, at 83,117, while the Nifty gained
Israel is set to invest $133 million to advance artificial intelligence development.
Israel will allocate half a billion shekels (approximately $133 million) to enhance infrastructure for artificial intelligence (AI) research and development. This funding, part of a national AI initiative, will focus on integrating AI into the public sector, including the establishment of a knowledge
Infosys to Accelerate LIC’s Digital Transformation
Infosys has announced a strategic partnership with the Life Insurance Corporation (LIC) of India to advance LIC’s digital transformation efforts. Under this collaboration, Infosys will lead LIC’s DIVE (Digital Innovation and Value Enhancement) initiative, which aims to develop a ‘NextGen Digital Platform’. This
Sensex Hits All-Time High, Driven by PSU Bank and Metal Stocks
Indian equity indices opened with gains on Monday, buoyed by expectations of a US Federal Reserve rate cut, which has further bolstered market sentiment. At 9:44 a.m., the Sensex was up 258 points or 0.31% at 83,149, while the Nifty increased by 81
Bajaj Housing Finance Makes Debut at ₹150, Trading at 114% Premium Over Issue Price
Bajaj Housing Finance Limited made its debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) at ₹150 per share, reflecting a 114% premium over its issue price of ₹70 per share. The Bajaj Group’s housing finance subsidiary attracted significant attention,
Personal finance insights: Market sentiments,investment strategies & economic trends
By: Krishna Gupta, YBB Personal Finance SENTIMENTS AAII Bull-Bear Spread +20.4% (high)$NYA50R, NYSE %Above 50-dMA 53.17% (positive)$SPXA50R, SP500 %Above 50-dMA 59.00% (positive)Delta MSI 73.3% (overbought; it lags)ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 60.98%, Hybrids 4.48%, Bonds 17.94%, M-Mkt 16.61% INTEREST RATESCME FedWatchCycle
Egypt Urges Overhaul of Global Financial System
Egyptian President Abdel-Fattah al-Sisi has called for a restructuring of the global financial system and greater involvement of developing countries in economic decision-making processes. In a virtual address at the UN event “Global Call on the Summit of the Future” on Thursday, Sisi
Complaint Filed Against CM Siddaramaiah for Rs 68 Crore Fraud in MLAs/MPs Court
Karnataka Chief Minister Siddaramaiah faces new legal troubles as a private complaint has been filed against him and others in the Special Court for MLAs/MPs in Bengaluru, alleging a fraud exceeding Rs 68 crore involving the Bruhat Bengaluru Mahanagara Palike (BBMP). On Friday,
India Advances to Tier 1 in Global Cybersecurity Index 2024
India has ascended to Tier 1 in the Global Cybersecurity Index (GCI) 2024, released by the International Telecommunication Union (ITU). This top tier highlights India’s role-model status in cybersecurity through its significant commitments and impacts. The updated GCI 2024 introduces a new five-tier
India’s industrial production sees a 4.8% increase in July
India’s Index of Industrial Production (IIP) grew by 4.8% in July, up from 4.7% in June, according to data released by the Ministry of Statistics on Thursday. The growth rates across the major sectors were as follows: mining at 3.7%, manufacturing at 4.6%,
Time for Action: PM Modi Urges Global Cooperation to Advance Green Hydrogen
Prime Minister Narendra Modi urged for global cooperation to advance green hydrogen production, highlighting India’s ambition to become a global leader in this renewable energy source. Speaking virtually at the ‘Second International Conference on Green Hydrogen,’ PM Modi underscored green hydrogen’s potential in
Apple Hits $5 Billion in iPhone Exports from India for April-August Period
Boosted by the production-linked incentive (PLI) scheme, Apple has achieved approximately $5 billion in iPhone exports from India for the April-August period of this fiscal year. This represents a significant increase of over 50 percent compared to the same period in the previous
U.S. and India forge partnership to strengthen semiconductor supply chain
The U.S. Department of State is collaborating with India’s Semiconductor Mission, part of the Ministry of Electronics and IT, to explore and enhance global semiconductor supply chain opportunities. This initiative, supported by the International Technology Security and Innovation (ITSI) Fund created by the
India and UAE Strengthen Strategic Partnership During Abu Dhabi Crown Prince’s Visit to Delhi
On Monday, President Droupadi Murmu welcomed Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, to Rashtrapati Bhavan, highlighting the “historic yet forward-looking” bilateral relationship between India and the United Arab Emirates (UAE). She noted how visionary leadership