Markets Slip as Foreign Investors Pull Back Stock markets weakened after another round of foreign fund outflows, with analysts saying persistent selling by overseas investors and soft global cues dented investor sentiment. The trend has left domestic markets vulnerable to swings even when local economic signals remain steady. Why foreign fund outflows matter Foreign institutional … Read more
The Indian rupee found support after a softer U.S. dollar in overseas markets, as traders increasingly priced in a possible U.S. Federal Reserve rate cut in December. Forex participants said the dollar’s retreat helped limit downside pressure on the rupee at lower levels. Dollar weakness and Fed expectations Markets have been reacting to growing expectations … Read more
Investor sentiment turned cautious as markets awaited the U.S. Federal Reserve’s policy meeting, which is expected to give fresh signals about the path of interest rates. Traders and portfolio managers paused for clues on whether rates will stay higher for longer or begin to ease, and that caution showed up in softer risk appetite and … Read more
India and the United States will begin a three-day round of negotiations on December 10 to discuss the first phase of a proposed bilateral trade agreement. The talks mark a fresh push to deepen economic ties and resolve trade frictions between the two economies. What these talks are about The first phase is expected to … Read more
What the 1% TDS on cryptocurrencies means The Finance Act 2022 introduced a 1% tax deduction at source (TDS) on transfers of Virtual Digital Assets (VDAs), a category that includes cryptocurrencies and certain digital tokens. In plain terms, when a crypto asset is transferred, the payer (or transferee) must deduct 1% of the payment as … Read more
RBI lets the rupee find its own level, Governor says On December 5, Reserve Bank Governor Sanjay Malhotra made it clear that the central bank does not peg the rupee to any specific band in the foreign exchange market. Instead, the RBI allows the currency to discover its appropriate level through market forces, stepping in … Read more
Market snapshot Markets showed limited upside today, with only a handful of stocks closing in the green. Tech Mahindra, HCL Technologies, Reliance Industries and HDFC Bank were the only gainers on the session. Who moved higher Tech Mahindra — one of the IT services names that found buying interest. HCL Technologies — another IT heavyweight … Read more
Rupee comes under pressure as dollar demand picks up Forex traders said strong dollar demand from corporates, importers and foreign portfolio investors is weighing on the rupee. The combined need for dollars to pay for goods, manage overseas obligations and invest abroad is tightening supply in the local market, nudging the currency lower. Why the … Read more
Market snapshot: Early weakness on key benchmarks The 30-share BSE Sensex slipped 316.52 points, down 0.37%, to 85,395.85 in morning trade. The 50-share NSE Nifty also retreated, falling 106.70 points, or 0.41%, to 26,079.75. What the numbers mean Both indices showed modest losses in early-hours trading, reflecting a cautious start to the session. The percentage … Read more
The 30-share BSE Sensex climbed for the second straight session, closing higher after a brisk intraday rise. The index gained 447.05 points, or 0.52%, to finish at 85,712.37, after touching an intraday high of 85,796.72 — up 531.4 points or 0.62% at one point during the day. Market snapshot Closing level: 85,712.37 Daily gain: 447.05 … Read more