Benchmark indices reached over eight-month highs following substantial monthly gains, with the Nifty 50 and Sensex posting single-month surges near 10%. Strong foreign portfolio allocations totaling billions of dollars provided strong support alongside softening crude benchmarks that fell past one percent on geopolitical developments. Even with this positive momentum, a cautious tone is prevailing as U.S. 10-year Treasury yields near 4.99% act as a headwind. Today's session also highlights major corporate shifts, including a major institutional share sale by Bajaj Finance at 992.25 rupees per share.
Key points
Strong foreign portfolio inflows helped the Nifty 50 and Sensex surge by 9.6% and 10% res…: Strong foreign portfolio inflows helped the Nifty 50 and Sensex surge by 9.6% and 10% respectively throughout November.
Elevated U.S. 10-year Treasury yields near 4.99% threaten to limit immediate gains for th…: Elevated U.S. 10-year Treasury yields near 4.99% threaten to limit immediate gains for the broader equity market.
Softening Brent crude prices dropped past 1% to $91.8 per barrel amid peace talk developm…: Softening Brent crude prices dropped past 1% to $91.8 per barrel amid peace talk developments in Ukraine and the Middle East.
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Indian shares are expected to open little changed on Thursday, as benchmark indexes look to consolidate after a sharp rally driven by sustained foreign fund inflows, lower crude oil prices and a cooling global AI trade.
GIFT Nifty futures were at 25,270 as of 8:00 a.m. IST, indicating a muted start for the benchmark Nifty 50, which ended at a more-than-eight-month closing high of 25,255.05 on Wednesday.
Foreign portfolio investors bought 125.63 billion rupees ($1.34 billion) worth of Indian shares on Wednesday, provisional data showed. They have net bought $6.43 billion of shares in November, already their biggest monthly purchase since September 2024.
The robust inflows have pushed the Nifty 50 and Sensex indexes up 9.6% and 10%, respectively, so far in November.
The rally marks a reversal for Indian equities, which have lagged their emerging-market peers over the past two years due to elevated oil prices and limited exposure to the global AI-driven market rally.
Brent crude futures fell more than 1% to $91.8 per barrel on hopes for progress in peace talks over the Middle East and the…
Single-family offices are overhauling their asset allocations to shield wealth from macroeconomic pressures including inflation, interest rates, and volatile public valuations. By channeling significant capital into private credit, infrastructure, and hedge funds, ultra-high-net-worth investors aim to secure stable contractual income and diversified returns. This structural shift is redefining global wealth management strategies across major international financial hubs.
Shares of Samsung Life are experiencing a rally today. Further details regarding the specific drivers, figures, and market factors behind the upward movement have not yet been provided.
Shares of Samsung Life are experiencing a rally today. Further details regarding the specific drivers, figures, and market factors behind the upward movement have not yet been provided.