FPIs boost Indian equities amid tariff optimism in April
After selling equities worth ₹33,927 crore ($3,953 million) in the first half of April, FPIs ended the month with net purchases worth ₹4,223 crore ($510 million), according to the data from NSDL.
Can markets defy historical trends and thrive in May amid global challenges?
As the month kicks off, the positive mood seen in April hasn’t changed. Foreigners have pumped over ₹38,150 crore in the second half of April after remaining sellers in the first part, helping the Sensex and Nifty gain 5% in April. Also, there has been no adverse tariff related news flow the past few days.
SBFC Finance risk officer, chief of operations step down
SBFC Finance, which has a market cap of Rs 11,071 crore, has posted a 46% rise in net profit on year to Rs 345 crore in FY25. The finance company specialises in giving secured loans with ticket size of Rs 5 lakh to Rs 30 lakh to small and medium sized companies.