India’s foreign exchange reserves at lifetime high
The big question is how much more foreign exchange will the Reserve Bank of India buy, and why?
The big question is how much more foreign exchange will the Reserve Bank of India buy, and why?
Indian equity markets have witnessed upswing post the U.S. and Bihar elections, and improved risk sentiment has invited higher capital flows.
As a result of the Covid-19 crisis, India can become an attractive investment destination, says Jaspal Bindra, executive chairman, Centrum Group.
Benchmark indices in India take cues from global markets which rallied on expectations of stimulus packages; the Sensex gained over 1,861 points and the Nifty 50 over 496 points over Tuesday’s close.
Key indices jump over 7.5%, before closing nearly 6% higher on Friday.
The markets seem to have overcome over Budget blues as the benchmark Sensex rallied over 900 points on Tuesday.
Following Saturday’s 987.96-point fall, the S&P BSE Sensex closing at 39,872.31, just 136.78 points higher, on Monday shows that the markets are still unhappy with the Budget.
Here’s how the key indices moved in a year marred by a slowing economy, rising crude oil prices, and trade tensions between the U.S.and China. But FPI flows were a bright spot.