Two years on from September-end 2024, when foreign investors began pulling money out of Indian equities, a lot has changed for Dalal Street. The Sensex has lost 13.6% and the Nifty 11.6% in absolute terms, even as peers like Korea (167%) and Taiwan (110%) surged.
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FPI outflows of over Rs 2.17 lakh crore in the past year have been offset by strong domestic mutual fund inflows of Rs 4.98 lakh crore, cushioning the market from a sharper drop.
The AI trade elsewhere, the West Asia crisis, higher oil prices and a weaker rupee have weighed on India, with sectoral casualties such as IT (-33.4%) and FMCG (-30.2%) deepening the underperformance. The bright spot: valuations have cooled, with the Sensex’s trailing PE at 20.3 times, below its five- and ten-year averages, leaving India relatively cheaper than many global peers. Read more: Rupee’s likely to slip despite RBI push for stability
For someone sitting on a large investible corpus, the timing of the first investment can have a noticeable impact on returns in the early years. One way to deal with this is to invest the entire amount at once. Another is to move the money into equity gradually through a six-month STP. FundsIndia’s 25-year analysis…
Cbiz shares jumped 17% on Wednesday after Grant Thornton Advisors agreed to buy the professional services firm for $5 billion in cash, a deal that would create one of the largest accounting and advisory services providers in the US. Cbiz shareholders will receive $55 per share, a 17.8% premium to the stock’s previous close. The…
Real Estate Investment Trusts (REITs) allow investors to own a small stake in income-generating commercial properties such as office parks, malls, warehouses, and hotels without directly buying real estate. On the other hand, REIT mutual funds provide exposure to REITs and real estate stocks through a professionally managed portfolio. While both provide access to the…
Sugar prices in India have remained steadily over ₹60 per kg in most retail markets today, on 30 August, PTI reported. The stability in high prices comes despite several measures from the central government to tackle rise in cost of the commodity ahead of the festive season demand, official data showed, it added. Notably, the…
Jefferies has initiated coverage on Leela Hotels with a Buy rating and a price target of Rs 675, implying 22% upside from the reference price of Rs 554.10. The brokerage views Leela as a play on India’s premiumisation trend, supported by growing demand for luxury and experiential travel, an expanding owned portfolio and greater exposure…
Mumbai: The central bank’s first open market operation (OMO) sale of the year saw a stronger-than-expected response, with market participants placing bids worth ₹66,590 crore against the notified amount of ₹50,000 crore. The Reserve Bank of India (RBI) accepted bonds at yields higher than prevailing market levels, seeking to suck out excess liquidity. Higher yields…
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