Foreign Institutional Investors (FIIs) have become more risk-averse ahead of the US Federal Reserve’s key policy rate decision and its commentary on potential future rate cuts, leading them to sell Indian equities in favor of US stocks. As a result, Indian markets are likely to remain under pressure due to the lack of significant domestic triggers.
As of 6:32 AM, GIFT Nifty futures were trading at 24,365, approximately 50 points lower than the previous Nifty futures close. On December 17, FIIs net sold Indian equities worth Rs 6,409.86 crore.
Meanwhile, India’s primary markets are gearing up for a busy day, with the shares of three prominent companies—One Mobikwik Systems, Vishal Mega Mart, and Sai Life Sciences—set to list, along with Supreme Facility Management and Purple United Sales in the SME segment.
ALSO READ: Unbelievable: Meta Fined 251 Million Euros Over Facebook’s 2018 Data Leak – Here’s How It Happened!
SpaceX, a key partner in NASA's spaceflight efforts, has provided an alternative to the Starliner…
"Security forces in Manipur have recovered a Starlink-like satellite dish and router from an insurgent…
The event has sparked outrage among women commuters, many of whom are now calling for…
National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi held crucial talks to…
Australia has set the task to India on 275 in the Test game in process.…
A Texas legislator has filed a bill to outlaw the sale of sex toys in…