Foreign investors divested a massive Rs 60,655 crore from Indian bank stocks in March, a significant portion of their total equity withdrawals. Despite this selloff, analysts now see compelling valuations for long-term investors, with some brokerages upgrading key banking counters. While sectors like auto and construction also saw outflows, IT experienced modest selling, and capital goods attracted buying.Read More
Australian shares closed at a near four-week high on Tuesday, driven by short covering and battered stock purchases. However, the benchmark index retreated from its peak amid Middle East conflict concerns, as Iran rejected a ceasefire and refused to reopen the Strait of Hormuz, impacting investor sentiment.Read More
The Reserve Bank of India faces a challenging policy review. Global uncertainties and volatile oil prices are key concerns. Experts highlight rising external risks and currency weakness. The central bank must balance growth and inflation. Policy decisions will shape India’s economic future.Read More
Pricing distortions stemming from the Indian central bank’s recent foreign exchange curbs have opened up arbitrage between exchange-traded rupee futures and onshore forwards.Read More
The Nikkei share average ended flat in choppy trade on Tuesday, as investors balanced optimism over a potential Middle East ceasefire and unease over U.S. President Donald Trump’s threat to escalate strikes on Iran if it fails to reopen the Strait of Hormuz.Read More
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