News Formal

Indian Stock Market Soars on Fed Rate Cut, Foreign Inflows

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

Business News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: billboard - 🏆 112. / 63 Read more »