India's stock market continues its rally fueled by the U.S. Federal Reserve's rate cut and expectations of policy continuity post-elections. Foreign portfolio inflows are surging, pushing valuations to record highs among emerging markets.
The Nifty and Sensex have gained 18.7% and 17% respectively in 2024, securing the third and fourth spots among major global bourses.Earlier this week, India's weightage in a key MSCI index topped China for the first time.
Foreign portfolio inflows, which had moderated in August, are on course for to hit a six-month high in September. Realty, autos, public sector enterprises, pharma and energy are among the top performing sectoral indices so far this year.Domestic institutional investors picked up shares worth a net of 3.23 trillion rupees since the start of the year, according to provisional data from National Stock Exchange.
Indian Stock Market Sensex Nifty Fed Rate Cut Foreign Inflows
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley is bullish on this major Indian IT stockMorgan Stanley is bullish on this major Indian IT stock
Read more »
Trump Says He Will Meet Another Foreign Leader Next Week—Indian Prime Minister ModiSiladitya Ray is a reporter on the Forbes news team who covers major world news stories breaking overnight with a focus on technology and online platforms. He joined Forbes in 2020 and works in New Delhi.
Read more »
SiriusXM Stock Closes 2.55% Higher After Merger With Liberty Media Tracking StockThe merger and reverse stock split simplified the audio entertainment giant's financial structure, executives said
Read more »
1 Stock to Buy, 1 Stock to Sell This Week: Salesforce, General MillsStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, FedEx Corporation. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »
Alibaba stock jumps after inclusion on China's mainland stock exchangesAlibaba stock jumps after inclusion on China's mainland stock exchanges
Read more »
1 Stock to Buy, 1 Stock to Sell This Week: Dick’s Sporting Goods, Dollar TreeStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Amazon.com Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »