Monday, November 25

Business

April 02, 2024

Why are foreigners shopping for Indian stocks? Foreign funds’ gross purchases at record high of Rs 4 lakh crore in March

Foreign institutional investors (FII) recorded a new high of Rs 4.06 lakh crore ($49 billion) in gross purchases in March, marking the first time they crossed the Rs 4 lakh crore mark in a month. The shift in valuation approach to PEG for Indian equities and strong domestic inflows have contributed to the market's growth.

April 01, 2024

Japan's Nikkei drops through 40,000 as new fiscal year begins

Japan's Nikkei share average experienced a significant decline on Monday, slipping below the crucial 40,000 mark as investors opted to sell stocks to realize profits on the initial day of the country's financial year. The Nikkei dropped 1.5% to 39,765.22 during the midday break, following an initial 0.7% increase. The broader Topix also saw a decline of 1.88%, reaching 2,716.47.

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