Markets fall in early trade amid unabated foreign fund outflows
The Hindu
Stock markets decline amid foreign fund outflows and cautious sentiment ahead of US elections and Fed rate decision.
Stock markets declined in early trade on Tuesday (November 5, 2024) amid constant foreign fund outflows and cautious investors' sentiment ahead of the U.S. presidential elections and the Federal Reserve interest rate decision.
The BSE Sensex declined 326.58 points to 78,455.66 in early trade. The NSE Nifty went down by 86.7 points to 23,908.65.
From the 30-share Sensex pack, Adani Ports, ITC, Reliance Industries, HDFC Bank, Power Grid and Hindustan Unilever were the biggest laggards.
JSW Steel, Tata Steel, IndusInd Bank, Tata Motors, Maruti and Sun Pharma were among the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,329.79 crore on Monday, according to exchange data.
In Asian markets, Tokyo, Shanghai and Hong Kong quoted in the positive territory while Seoul traded lower.
The US markets ended lower on Monday.
Mukesh Ambani announces ₹7 lakh crore investment in Gujarat, emphasizing clean energy, AI, and support for Olympic ambitions.
The All India Cashew Association calls for urgent action against illegal cashew imports threatening India's domestic processing industry.
Moody’s upgrades Shriram Finance’s outlook to positive, citing strategic benefits from MUFG Bank's upcoming investment and improved financial stability.
India's rice exports soar to near record levels in 2025, driven by lifted curbs and increased global demand.
Dr. Reddy's responds to U.S. FDA queries regarding its Hyderabad biologics facility following a recent inspection.
Techno Paints plans a ₹500 crore IPO in FY27, featuring Sachin Tendulkar as brand ambassador to boost growth.
India's shift from Russian oil imports will have limited fiscal impact due to low global prices and reduced discounts.
The latest Household Consumption Expenditure Survey (HCES) by MoS&PI reveals a transformative shift in India’s economic landscape. For the first time in over a decade, granular data on Monthly Per Capita Expenditure (MPCE) highlights a significant decline in the proportional share of food spending—a classic validation of Engel’s Law as real incomes rise. Between 1999 and 2024, both rural and urban consumption pivoted away from staple-heavy diets toward protein-rich foods, health, education, and conveyance. As Indian households move beyond subsistence, these shifting Indian household spending patterns offer vital insights for social sector policy, poverty estimation, and the lived realities of an expanding middle-income population.
Investors shifted to Gold ETFs in December 2025, with record inflows amid macro uncertainty and declining equity returns.
Aurobindo Pharma's subsidiary receives Health Canada NOC for Dyrupeg, confirming its pegylated filgrastim biosimilar's safety and efficacy.
SEBI exempts small brokers from the technical glitch framework, impacting 60% of stock brokers in India.
Vodafone Idea confirms ₹124 crore annual AGR dues until 2031, following government relief approval for the struggling telecom firm.
With digital technologies dominating the financial landscape and redefining the operations of regulated entities, regulation and supervision by the regulator must remain risk-based, proportionate, and technology-neutral said Reserve Bank of India (RBI) Governor Sanjay Malhotra.