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Chakri Lokapriya, discusses the reasons for FIIs selling, including the instability of the rupee and the potential interest rate cuts in the US. He also highlights the positive prospects for Tata Motors, citing its diverse portfolio of international and domestic vehicles and improving balance sheet. Lokapriya expects the budget to have a swing impact, particularly through increased capex and rural focus. He emphasizes the importance of L&T s order book in driving its strong revenue growth. ....
Pushed by Swiss regulators UBS and Credit Suisse agreed on a merger deal. UBS will be the surviving entity. The Zurich-headquartered bank will acquire Credit Suisse for CHF 3 billion (approximately $3.25 billion).Also, markets focused on the upcoming Fed policy. ....
As per NSE data, FIIs buying value stood at ₹10,135.27 crore on the Indian market on Monday, while the selling value came in at ₹11,682.13 crore. Hence, FIIs sold ₹1,546.86 crore on NSE, BSE, and MSEI. ....
So far in January, FPIs have pulled out ₹ ₹15,236 crore from Indian equities. However, overall in 2022, FPIs sold ₹1,21,439 crore which can be attributed due to macroeconomic uncertainties, rising interest rates trend, and geopolitical tension. ....
After turning net buyers in the cash market after around eight months, the Foreign Portfolio Investors (FPIs) have now also become net buyers of debt so far in August. Get more Markets News and Business News on Zee Business. ....