FIIs sold IT stocks worth Rs 10,956 cr in early February, bringing holdings down to a 4-year low.

A major source of income for India’s software exporters, the demand for large-scale, human-led coding and IT support services may decline due to rapid advancements in generative artificial intelligence. This is why foreign institutional investors (FIIs) sold over Rs 10,956 crore worth of information technology stocks in the first half of February. Due to this…

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Sharp sell-off in the markets: Nifty closes below 26,000, Sharp falls seen in small and midcaps!

Indian stocks finished Monday’s trading session much lower. The Nifty ended the day at 25,960.55, down 0.86%, while the Sensex closed at 85,102.69, down 0.71%. The Nifty Bank closed at 59,238.55, down 0.90%, indicating that the pressure was equally evident in the banking sector. The BSE SmallCap and midcap indices both saw a 2% decline….

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The rupee drops to a record low of 89.59/$: reasons why the impressive Q2 GDP doesn’t improve outlook

Despite the staggering GDP figure, the Indian rupee fell to new lows. The solid Q2 GDP report was overshadowed by FII outflows and uncertainties around the US-India trade pact, which kept the rupee trading well below the 89.50/$ barrier. The currency fell significantly from its November low of 89.49/$. Despite the spectacular Q2 GDP numbers,…

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The Sensex adds more than 1,000 points, while the Nifty rises above 26,200, only 72 points from all-time highs.

In today’s trading session, November 26, the Indian equity markets saw a dramatic increase, propelled by strong global cues and widespread purchasing across industries. In midday trading, the benchmarks gained momentum, which they maintained until the closing bell. The Nifty ended the session at 26,205.30, up 320 points or 1.24%, while the Sensex ended the…

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