F&O Talk| Nifty trading trapped in 23,000-25,000 range with bearish long-term outlook: Rahul Ghose of Hedged.in
With the current market scenario, analyst Rahul Ghose, Founder of Hedged.in interacted with ET Markets regarding the outlook on Nifty and Bank Nifty and an index strategy for the upcoming week. Following are the edited excerpts from his chat:
FPIs net sell domestic equities worth Rs 4,285 crore in first 3 sessions in January. What lies ahead?
Foreign Portfolio Investors sold Rs 4,285 crore worth of Indian equities in the first three days of January. This contrasts with December 2024 when they were net buyers. FIIs have been cautious due to high valuations in the secondary market but active investors in the primary market. The dollar’s strength and US bond yields influence […]
FPIs withdraw Rs 4,285 cr in 3 trading sessions amid high valuations, global headwinds
“FPIs are likely to continue selling as long as the dollar remains strong and US bond yields offer attractive returns. The dollar index at around 109 and the 10-year bond yield above 4.5 per cent are significant deterrents to FPI flows,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
FMCG makers expect inflation to hit volume growth, operating profit in Q3
One of the reasons could be that a number of companies have opted for a price hike in the December quarter due to rising costs of input items such as copra, vegetable oil, and palm oil.
Mcap of four of top-10 most valued firms erode by Rs 96,605.66 cr; HDFC Bank hit hard
The market capitalisation (mcap) of TCS tanked Rs 24,856.26 crore to Rs 14,83,144.53 crore and that of State Bank of India declined Rs 5,399.39 crore to Rs 7,08,168.60 crore.