Food delivery major Eternal Ltd. - formerly known as Zomato - saw its shares sink over three percent during the opening session on Monday, May 26, after the internet company is slated to see passive outflows nearing $840 million as global index majors FTSE Russell and MSCI prepare to trim Eternal's weightage in their portfolios, said IIFL Capital Services.The changes follow a sharp reduction in th...

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...