Indian equity markets experienced the highest outflows in Asia so far in May, with foreign institutional investors (FIIs) withdrawing funds to the tune of $2.89 billion. This marks the highest monthly FII outflow since January 2024.In May so far, Sensex rose by 0.9 percent, and Nifty by 1.25 percent. Across Asia, Hang Seng surged by 5.8 percent, Kospi by 1.1 percent, Jakarta by 0.3 percent, while ...

The Indian rupee failed to hold on to its positive opening versus the U.S. currency on Wednesday, slipping below 82.50 on dollar demand from foreign banks and importers, traders said.The rupee last traded at 82.5950 to the dollar, compared with 82.49 in the previous session. The local currency had opened at 82.31.The rupee struggled after the open on dollar demand from foreign banks and from a l...

After the major averages prolonged a losing skid during Thursday’s regular session, US stock futures increased on Friday as investors continued to evaluate the prospects for growth and monetary policy. S&P 500 futures increased by roughly 0.26%, while Nasdaq Composite futures increased by 0.42%. Netflix is trading 5.67% higher in the pre-market session on Friday after higher-than-anticipated sub...

Domestic indices end their first trading week of CY23 in the red. On Friday, Nifty tumbled 132.70 points or 0.75% at 17,859.45 while Sensex settled at 59,900, down 450 points. The bulls did attempt a recovery in the last hour of trade, with Nifty rising almost 70 points from its intraday lows while Sensex regained about 260 points. As the benchmark indices fell, banking sector index Bank Nifty fol...

Investors are speculating about whether Monday’s big stock surge is the start of a recovery or another pause in the market’s decline, and the answer may depend in part on upcoming quarterly results from heavyweights including Tesla Inc, Johnson & Johnson and Netflix Inc. The world’s most widely tracked stock benchmark jumped 2.65% on Monday, lifted in part by strong quarterly results from Ba...