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Home CURRENT AFFAIRS BUSINESS Stock Market Today: GIFT Nifty indicates a bullish start; FPIs pull out...

Stock Market Today: GIFT Nifty indicates a bullish start; FPIs pull out over Rs 3400 crore from Indian equity market

Dalal Street started off to a strong start on Monday, as the GIFT Nifty on the NSE IX rose by 20 points, or 0.10 percent, to 19,447.

Stock Market Today

Stock Market Today: GIFT Nifty on the NSE IX increased by 20 points, or 0.10 percent, to 19,447 on Monday, indicating that Dalal Street was off to a good start. Today, a number of businesses, including Divi’s Labs, Nykaa, Varun Beverages, Adani Energy, and many more, will release their second quarter financial reports. With a good conclusion for the week and gains of roughly 1%, the benchmark Nifty 50 closed the week safely over 19,200.

Tokyo stocks opened higher; Rupee settled higher

In response to a declining US dollar and falling crude oil prices, the rupee ended the day 2 paise higher at 83.20 against the US dollar, matching other major Asian currencies. Tokyo stocks began the week on a positive note as Wall Street rebounded from weaker-than-expected wage and employment growth figures, which lowered expectations for additional US interest rate hikes.Early trading saw the benchmark Nikkei 225 index rise 1.56 percent, or 498.38 points, to 32,448.27, while the Topix index as a whole gained 1.22 percent, or 28.28 points, to 2,350.67.

Stock Market Today: FPIs pull out over Rs 3400 crore from Indian equity market

Due to growing interest rates and geopolitical unrest in the Middle East, Foreign Portfolio Investors (FPIs) continued their selling binge, withdrawing nearly Rs 3,400 crore from the Indian equities markets in the first three trading sessions of November. This followed withdrawals by these investors of Rs 14,767 crore in September and Rs 24,548 crore in October, according to statistics from the depositories. Prior to the withdrawal, FPIs made a constant stream of purchases of Indian stocks in the final six months, from March to August, bringing in a total of Rs 1.74 lakh billion.

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