Fri, Nov 1, 2024 8:20 PM
Adani reduces power supply to Bangladesh by half over outstanding bills
A Flip by Shubhangi Gupta
📌GIFT Nifty signals a muted start. India VIX rose 0.49% to settle at 14.94 levels. 📌U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 bps in interest rates. 📌FPIs turned net sellers at Rs 4,889 crore on Wednesday. 📌DIIs bought shares worth Rs 1787 crore. 📌The rupee slipped 1 paisa to close at a fresh lifetime low of 84.32 against the US dollar on Thursday.
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India is expected to receive net inflows of around $2.5 billion from overseas passive funds when the global index provider MSCI rebalances its index on November 25. In an announcement on Thursday, MSCI said it has added five stocks - BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty - to its Global Standard Index.
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Overseas investors sold Indian equities worth ₹33,995 crore across 14 sectors between October 16 and 31, with oil & gas witnessing the highest foreign outflows, followed by FMCG and consumer services. Meanwhile, they showed buying interest in healthcare and power sectors, purchasing ₹2,321 crore and ₹1,168 crore, respectively.
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