Indian Stock Market Soars on Fed Rate Cut, Foreign Inflows

📆 22/09/2024 22:45:00
📰 Investingcom

⏱ Reading Time:
21 sec. here
7 min. at publisher
📊 Quality Score:
News: 29%
Publisher: 53%

Business Notícia

Indian Stock Market,Sensex,Nifty

India's stock market continues its rally fueled by the U.S. Federal Reserve's rate cut and expectations of policy continuity post-elections. Foreign portfolio inflows are surging, pushing valuations to record highs among emerging markets.

The Nifty and Sensex have gained 18.7% and 17% respectively in 2024, securing the third and fourth spots among major global bourses.Earlier this week, India's weightage in a key MSCI index topped China for the first time.

Foreign portfolio inflows, which had moderated in August, are on course for to hit a six-month high in September. Realty, autos, public sector enterprises, pharma and energy are among the top performing sectoral indices so far this year.Domestic institutional investors picked up shares worth a net of 3.23 trillion rupees since the start of the year, according to provisional data from National Stock Exchange.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

SiriusXM Stock Closes 2.55% Higher After Merger With Liberty Media Tracking StockThe merger and reverse stock split simplified the audio entertainment giant's financial structure, executives said
Fonte: billboard - 🏆 112. / 63 Consulte Mais informação »