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Market Updates - Angel One

FPIS Selling: Concerning Pandemic will Slowdown its Performance

FPIS Selling: Concerning Pandemic will Slowdown its Performance

25 May 2021

Overview In the first week of May, Foreign Portfolio Investors (FPIs) removed Rs. 5,936 crores from Indian stocks, citing concerns about the large second wave of the pandemic and its economic implications. According to depositories’ numbers, overseas investors withdrew a net sum of Rs. 5,936 crores from Indian stock markets between May 3 and 7, …

FDI into India hits fresh peak for fiscal 21; exceeds $43 billion

FDI into India hits fresh peak for fiscal 21; exceeds $43 billion

20 May 2021

Even as the pandemic struck India in 2020 and there was an economic slowdown, foreign direct investment into India was unabated. In the financial year 2020-21, the overall FDI inflows hit a new peak of $43.366 billion, beating the earlier record of $43.013 in the previous financial year. The data, released by the Reserve Bank …

Morgan Stanley Revises Year-End Forecasts: Sensex On 61,000 in 2021

Morgan Stanley Revises Year-End Forecasts: Sensex On 61,000 in 2021

20 May 2021

An Overview of Morgan Stanley’s Report According to Morgan Stanley’s latest report, Indian equities are expected to outperform their emerging market (EM) peers in 2021, with bets on domestic cyclical stocks leading the way, led by rate sensitives. For the time being, the research and broking house has kept its December 2021 goal for the …

RBI Buys G-Secs with Speed

RBI Buys G-Secs with Speed

20 May 2021

An Overview of the Purchases Made India’s central bank chose to purchase a number of sovereign papers amounting collectively to a value of INR 34,175 Crores between April 22 and May 4, 2021. These purchases were made in order to offset borrowing costs and bring them down. This was necessary since there a high probability …

SENSEX & NIFTY’S Best Single Day Gains in a Month

SENSEX & NIFTY’S Best Single Day Gains in a Month

20 May 2021

An Overview The Indian stock markets saw positive action owing to the fact that equity benchmarks saw themselves account for the best one-day gains in over a month. This rise in value is owed to the boost provided by India’s biggest lenders. If we examine the S&P Bombay Stock Exchange (or BSE’s) Sensex, it saw …

Gold shines amid inflation and Covid worries in Asia

Gold shines amid inflation and Covid worries in Asia

20 May 2021

Gold touched an over three-month peak on Tuesday even as investors in exchange-traded funds have shown positive interest in the yellow metal. Further, rising inflationary pressure and a weakened US dollar have added to the appeal of gold as a hedge option. The dollar was hovering close to lows of many months against European currencies, …

Why is The Price Of Gold Rising? Factors Influencing Gold Price

Why is The Price Of Gold Rising? Factors Influencing Gold Price

20 May 2021

Overview Gold has always been significant in India, as it has been used as a symbol of opulence at weddings and festivals. Thanks to the metal’s scarcity, gold has developed into an ideal shield for uncertain markets over time. Gold prices have been steadily rising in recent months and in light of Akshaya Tritiya, it …

Retail investors contribute 10-year high of 45 pc to NSE turnover

Retail investors contribute 10-year high of 45 pc to NSE turnover

20 May 2021

India has been seeing a retail investor boom when it comes to the stock market ever since the first lockdown was imposed in the wake of the coronavirus pandemic. According to data from the National Stock Exchange (NSE), 90 lakh people have joined the legion of retail investors during the fiscal year 2021. Bombay Stock …

Musk rues Bitcoin’s energy use, triggers a 10% slide

Musk rues Bitcoin’s energy use, triggers a 10% slide

20 May 2021

Tesla CEO Elon Musk is no stranger to courting controversy on Twitter. On May 1 last year, he took Tesla shareholders by the storm and declared that the “Tesla stock price is too high imo”. Not surprisingly, the stock collapsed and Tesla shareholders wailed at the entrepreneur billionaire soon after. Yesterday, another of Musk’s tweets …

Godrej Consumer Gains 21% Post Q4 Results And New CEO Announcement

Godrej Consumer Gains 21% Post Q4 Results And New CEO Announcement

14 May 2021

Overview of Godrej Consumers Sudden Surge Thanks to a shift in leadership, investors and traders trading in the shares of Godrej Consumer Products Ltd has been filled with optimism. Sudhir Sitapati will be appointed managing director and chief executive officer of the company on October 18 for a five-year term. Sitapati’s rich experience of more …

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