The Nifty 50 and BSE Sensex have advanced nearly 9% this month, underpinned by retreating energy costs and resilient domestic quarterly earnings. GIFT Nifty futures pointed to further gains on Wednesday after the Nifty reached an eight-month closing high earlier in the week. Foreign portfolio investors have injected $5.68 billion into domestic equities throughout November, recording their largest monthly inflow since September 2024.
Key points
Substantial overseas inflows continue to support domestic shares despite higher U.S. infl…: Substantial overseas inflows continue to support domestic shares despite higher U.S. inflation data and rising Treasury yields.
Falling global oil prices have combined with positive corporate earnings to boost India's…: Falling global oil prices have combined with positive corporate earnings to boost India's major indices nearly 9% this month.
Significant individual stock transactions, including Blackstone's stake purchase in IIFL…: Significant individual stock transactions, including Blackstone's stake purchase in IIFL Finance, remain in sharp focus for market participants.
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Indian shares were expected to open higher on Wednesday after a holiday break, supported by a sharp drop in crude oil prices and strong foreign fund inflows.
GIFT Nifty futures were at 25,334 as of 7:41 a.m. IST, indicating a positive start for the benchmark Nifty 50, which ended at a more than eight-month closing high of 25,044.65 on Monday. Indian markets were closed on Tuesday for Diwali.
Brent crude futures slid to a two-month low of $89.16 per barrel on Tuesday after US officials played down the need for additional military action against Iran, easing concerns over supply disruptions. Prices were up 0.5% at $92 on Wednesday.
The Nifty 50 and the BSE Sensex have gained nearly 9% so far this month as easing crude oil prices, strong domestic earnings and a selloff in global chipmakers brought foreign portfolio investors (FPIs) back to India.
FPIs have bought Indian shares worth $5.68 billion so far in November, already making their biggest monthly purchase since September 2024.
Meanwhile, US Treasury yields jumped and Wall Street stocks fell overnight after hotter-than-anticipated inflation…
State-run energy giant Oil and Natural Gas Corporation has authorized an unprecedented ₹10,064 crore interim capital return to shareholders following its September-quarter financial review. The move offers a significant short-term yield to equity holders looking to capture payouts ahead of the impending eligibility deadline under domestic market settlement rules. This distribution delivers substantial cash back to investors despite recent annual share price pressures.
The National Confederation of Pensioners' Associations has formally petitioned the Labour Ministry to settle unresolved Employees’ Pension Scheme cases for exempted establishment staff. The organisation argues that restrictive guidelines have prompted widespread rejections based on historical wage ceilings. Resolving these regulatory obstacles would allow retired senior citizens to receive enhanced monthly payouts and accumulated arrears without further litigation.
The Monetary Authority of Singapore is launching sovereign vaulting services and tax incentives to position the city-state alongside London and Switzerland as trading moves eastward. While geopolitical friction drives central banks to diversify reserve locations into neutral, stable jurisdictions, establishing the necessary market liquidity remains a steep challenge.