Foreign portfolio investors (FPIs) flocked to Indian markets in early December, pouring ₹22,766 crore, primarily into financial services, IT, and real estate. However, oil and gas, auto, and FMCG sectors witnessed outflows. While financials saw significant withdrawals throughout 2024, telecom and services experienced renewed interest after November’s outflows.
S&P 500’s 2024 rally shocked forecasters expecting it to fizzle
Wall Street strategists were surprised by the S&P 500’s continued rally, soaring to a 23% gain in 2024, contrary to modest expectations. Forecasters revised their