Wednesday, September 09
Mumbai: Overseas fund managers stepped up the selling of Indian equities in the first half of August as tariff uncertainty, a weaker rupee and disappointing corporate earnings deepened risk-off sentiment. Financial services and information technology stocks, which have the highest weight in the Sensex and Nifty, bore the biggest brunt of foreign investors' cautious approach.Foreigners sold shares worth ₹34,022 crore across 16 sectors in the first half of August, according to data from NSDL, after pulling out ₹34,974 in the second half of July and ₹10,541 in the first half of last month."Muted earnings, strong pipeline in the primary markets and the tussle on the tariff front have kept foreign investors wary about India," said Sriram Velayudhan, senior vice president, IIFL Capital.The
Mumbai: State Bank of India (SBI) chairman CS Setty on Monday batted for regulatory latitude that would allow local lenders to fund corporate mergers and acquisitions, underscoring the allure of a vibrant deal market that topped $50 billion in value in the first half of 2025."We have been requesting the regulator and will make a formal request to the Reserve Bank of India (RBI) that at least start with some listed companies where the acquisitions are more transparent and approved by shareholders," Setty said, speaking in a panel discussion at the FICCI-IBA banking conference.Setty's comments came even as a Boston Consulting Group (BCG) report unveiled during the conference showed that bank advances to companies have drastically changed texture over the past 15 years. Corporate credit has b
Chinese stocks jumped again on Monday, extending a liquidity-driven rally that's now showing signs of euphoria in some corners of the market.Coming off its best week since November, the benchmark CSI 300 Index climbed another 2.1%, with turnover on Shanghai and Shenzhen exchanges reaching a combined 3.1 trillion yuan ($433 billion) - the second-highest on record. Technology shares continued to lead the charge, with stocks in the property sector also joining the broadening advance on evidence of more support measures.Investors are betting that the rally has room to run further amid a capital rotation into equities, optimism over DeepSeek's updated model, and expectations that authorities will keep sentiment supported before a military parade on September 3. But with some key benchmarks now
