News Overview

Fiscal deficit has surged in February and we could just see the fiscal deficit spilling over for FY25

FPIs net sold equities worth just $410 Million in March; but FY25 FPI selling stood at $13.4 Billion

Increasing Gold Reserves Boost India’s Forex Reserves

Decoupling picks up steam. NIFTY 50 rises as US markets crash.

Core sector growth was subdued with most of the heavyweight sectors seeing tepid growth in February

With most data points done, action shifts to a possible rate cut in RBI monetary policy in April 2025

After the rally of the previous week, the markets were quietly positive this week; but FPI inflows surged

FPIs surprised the street with $3.23 Billion of net inflows in the week; the best in last 5 months

Current account deficit may be modest in Q3, but there has been a 60 bps uptick in Q2 CAD

Indian stock markets remain closed yesterday for Eid Ul Fitr, which marks the month-long fasting period of Ramadan.