global factors

FIIs sold Indian stocks worth $1.3 billion this week. Will the sell-off deepen?

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FIIs sold Indian stocks worth .3 billion this week. Will the sell-off deepen?

Led by a confluence of global factors like sharper-than-expected weakening of the US labor market, unwinding of Yen carry trades and rising geopolitical tensions in the Middle East, FIIs withdrew $1.3 billion from the Indian stock market in the week. However, buying of around $2.2 billion worth of equities by domestic institutional investors last week … Read more

Market Research: Sensex hits 2-month high on global cues, jumps 728 points

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Market Research: Sensex hits 2-month high on global cues, jumps 728 points

MUMBAI: Positive global factors like sliding US gilt yields and falling crude oil prices led to a global rally in stocks which also helped the Indian market. The sensex on Wednesday rallied 728 points to close at 66,902 points – an over two-month high as 26 of its 30 constituents gained.On Wednesday, the Nifty also … Read more