FPIs sold $288 Million in Indian equities in the truncated week, taking FPI selling in stocks in last 6 weeks to $14 Billion
FPI selling was subdued in the week, but the market undertone continues to be negative amidst the wave of global events
The company also reported revenue from operations to ₹3433.7 Crore. The EBITDA margin for the quarter that ended on September 30, 2024 stands at 17.5%.
Once again it was the IT sector that stood out, but the overall sentiments in the market were just too weak
Spot gold had risen 0.4% to $2,571.11 an ounce, following a two-month low the previous week. On Friday, gold saw its largest weekly drop in almost three years.
Addressing the World Affairs Council, Powell laid out how data is likely to impact the rate stance of the Fed
The month of October saw the trade deficit widening as the West Asia crisis made oil pricier for India
The ICICI Pru Equity Minimum Variance Fund focuses on Nifty and front line stocks with low levels of volatility
The euro was temporarily stabilised at $1.0530 thanks to the drop, but it was still uncomfortably near the previous one-year low of $1.0496.
U.S. West Texas Intermediate crude prices were up 9 cents, or 0.1%, to $67.11 a barrel, while Brent crude futures had increased 20 cents, or 0.3%, to $71.24 a barrel.

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