What explains heightened foreign investor activity on May 31?

June 11, 2024

The Congress party alleges insider trading by foreigners ahead of the BJP’s predicted victory in the exit polls on May 31, resulting in a surge in stock market activity. FPIs made significant purchases linked to the MSCI’s quarterly rebalancing, impacting global indices and passive funds.

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Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%

Accenture’s shares plummeted despite exceeding third-quarter revenue expectations, driven by AI-related service demand. The company faces challenges from reduced U.S. federal contracts. Consequently, Indian IT

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No obstacle will remain in NSE IPO: Sebi Chairman Tuhin Kanta Pandey

Sebi Chairman Tuhin Kanta Pandey announced that the NSE IPO faces no remaining obstacles, though he refrained from providing a specific timeline. He clarified that

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