Friday, April 25
FDI inflows into India are rising rapidly, driven by interest from investors in the Middle East, Japan, the EU, and the US. This surge is attributed to India's strong market, skilled workforce, and favorable regulations, leading to robust economic growth and job creation.
Foreign portfolio investors (FPIs) have pulled Rs 4,285 crore from Indian equities in the first three days of January due to apprehensions about the third-quarter earnings season, high stock valuations, and global economic uncertainties. December 2023 had seen a net inflow of Rs 15,446 crore, highlighting current investor caution.
The US transportation department fined JetBlue Airways $2 million for chronic delays on its east coast routes due to unrealistic scheduling. JetBlue blamed air traffic control issues and called for modernization. The fines partially compensate affected passengers. Routes from New York to Raleigh-Durham, Fort Lauderdale, Orlando, and from Windsor Locks to Fort Lauderdale were notably delayed.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Friday. While BSE Sensex went below 79,400, Nifty50 was just above 24,000.
Stock market today: BSE Sensex and Nifty50 declined nearly 1 per cent on Friday as investors reduced their holdings in banking and IT sectors before the upcoming earnings season.
Motilal Oswal Financial Services recommends buying Metro Brands with a target price of Rs 1,460 due to strong growth potential. HSBC suggests reducing Tata Chemicals to Rs 820 citing limited benefits and muted demand. Nuvama maintains a reduce stance on Ashoka Buildcon targeting Rs 294. Equirus is bullish on Transport Corp, targeting Rs 1,395.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rallied strongly in trade on Thursday. While BSE Sensex briefly crossed the 80,000 mark, Nifty50 moved above 24,200.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rallied strongly in trade on Thursday. While BSE Sensex was above 79,800, Nifty50 moved above 24,150.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Thursday. While BSE Sensex zoomed over 600 points, Nifty50 was above 23,900.
As of December 31, 2024, 98.12% of the Rs 2,000 banknotes withdrawn by the Reserve Bank of India have been deposited back into the banking system. Only Rs 6,691 crore remain with the public out of Rs 3.56 lakh crore since demonetisation in May 2023.
