Latest news with #foreigninflows
Reuters
3 days ago
- Business
- Reuters
India's stocks may open higher on easing geopolitical woes, foreign inflows
June 30 (Reuters) - India's equity benchmarks are set to open higher on Monday, supported by improved global risk appetite, easing geopolitical tensions, and a resurgence in foreign investor inflows. The Gift Nifty futures traded at 25,768 points, as of 7:50 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open above its previous close of 25,637.8. Asian markets edged higher, mirroring Wall Street gains, while the dollar softened on bets that weaker U.S. jobs data could prompt deeper rate cuts. The Nifty and Sensex (.BSESN), opens new tab ended last week in the green, led by financials and metals, amid improving sentiment and easing geopolitical tensions. Both indices remain just about 2.5% below their September record highs. Easing Middle East tensions and a sharp comeback in foreign inflows have revived investor confidence, said Ajit Mishra, senior vice president of research, Religare Broking. Mishra added that the fragile truce between Iran and Israel has helped shift sentiment toward risk assets. Foreign portfolio investors have bought Indian shares worth about 140 billion rupees ($1.6 billion) in the previous two sessions. Market direction in the near term may hinge on developments in the U.S.' trade negotiations with its key trading partners, including India, ahead of U.S. President Donald Trump's July 9 tariff deadline and domestic corporate earnings season, two analysts said. ** BHEL ( opens new tab bags a 65 billion rupees ($761 million) order from Adani Power ( opens new tab ** ITD Cementation ( opens new tab secures a $67.4 million international marine contract ** Godrej Properties ( opens new tabacquires, opens new tab 43 acres of land in Panipat with a revenue potential of 12.5 billion Indian rupees ($146.28 million) ** Titagarh Rail ( opens new tabgets, opens new tab an order worth 4.31 billion rupees ($50.44 million) from Maharashtra metro rail for 12 additional metro trainsets in Pune ($1 = 85.4510 Indian rupees)
Reuters
6 days ago
- Business
- Reuters
Indian shares set to open higher on optimism over foreign inflows, global cues
June 27 (Reuters) - India's benchmark indexes are likely to open higher on Friday, extending the strong gains seen in the last three sessions, driven by optimism over foreign inflows and positive global sentiment. The Gift Nifty futures traded at 25,718.5 points as of 7:20 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open above its previous close of 25,549 points. The Nifty and BSE Sensex (.BSESN), opens new tab have risen about 2.3% in the last three sessions on the back of easing Middle East tensions, while a rally in banking and Reliance Industries ( opens new tab shares ahead of the earnings season also helped. Foreign investors bought Indian shares worth 125.9 billion rupees ($1.5 billion) on Thursday, as per provisional data. This was their biggest single-day buying in India in nine months. Apart from improving domestic earnings growth prospects, a weak dollar and falling U.S. Treasury yields also likely supported strong foreign flows. The MSCI's broadest index for Asia-Pacific stocks outside Japan (.MIAPJ0000PUS), opens new tab rose 0.2% on Friday to hit its highest levels since November 2021 on expectations of an early rate cut by the U.S. Federal Reserve and reports of a U.S.-China agreement on rare earth shipments. Meanwhile, multiple news reports, opens new tab said U.S. President Donald Trump could extend his upcoming self-imposed tariff pause deadlines. ** HCLTech ( opens new tab expands partnership with Salesforce for enterprise adoption of agentic AI with new services ** Hitachi Energy India ( opens new tab receives order to supply 765 KV transformers to Power Grid Corporation ( opens new tab
Bloomberg
19-06-2025
- Business
- Bloomberg
Malaysia FX Reserves at Three-Year High to Aid Ringgit Stability
Malaysia's increasing currency reserves are bolstering its defenses against market volatility. The country's net foreign exchange reserves rose to $94.7 billion at the end of April, according to the latest central bank data, the most since June 2022. Strong foreign inflows into local bonds and a weaker greenback, which enabled Bank Negara Malaysia to unwind its net short forward FX position, both helped. These factors have strengthened the nation's bulwark against external shocks.
Yahoo
06-06-2025
- Business
- Yahoo
Asian equities see largest monthly foreign inflow in 15 months
(Reuters) -Asian equities attracted strong foreign inflows in May as concerns over an immediate economic hit from higher U.S. tariffs eased, prompting a return by investors who had previously exited large and concentrated positions in the region. The inflows marked a sharp reversal after four consecutive months of net foreign selling. According to data from LSEG, foreign investors bought approximately $10.65 billion worth of equities across India, Taiwan, South Korea, Thailand, Indonesia, Vietnam, and the Philippines, registering their largest monthly net purchase since February 2024. U.S. President Donald Trump's announcement of reciprocal tariffs in early April stoked concerns over the impact on Asian exports, exporter margins, and regional supply chains, but a subsequent 90-day pause for most countries later in the month helped ease investor fears and revive interest in regional assets. Goldman Sachs said it has revised its earnings growth forecast for MSCI Asia Pacific ex-Japan (MXAPJ) to 9% for both 2025 and 2026, raising estimates by 2 and 1 percentage points, respectively, citing stronger macro growth in China and U.S.-exposed markets. The upgrade was also supported by $600 billion in AI-related investments from Saudi Arabia to U.S. firms, which are expected to benefit Taiwan and Korea, though the impact may be partially offset by a weaker dollar, the brokerage said. Taiwan equities witnessed $7.28 billion worth of foreign inflows, the largest monthly cross-border net purchase since November 2023. Foreigners also acquired a significant $2.34 billion worth of Indian stocks in their largest monthly net purchase since September 2024. South Korean, Indonesian and Philippine stocks also saw foreign inflows worth a net $885 million, $338 million and $290 million, respectively, while Thai stocks suffered $491 million of net selling. Despite heightened market volatility in the first half of the year driven by concerns over President Trump's trade policies, the MSCI Asia-Pacific Index has risen about 8.8% year-to-date, outperforming both the MSCI World Index, which is up 5.4%, and the S&P 500 Index, which has gained 0.98%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
06-06-2025
- Business
- Reuters
Asian equities see largest monthly foreign inflow in 15 months
June 6 (Reuters) - Asian equities attracted strong foreign inflows in May as concerns over an immediate economic hit from higher U.S. tariffs eased, prompting a return by investors who had previously exited large and concentrated positions in the region. The inflows marked a sharp reversal after four consecutive months of net foreign selling. According to data from LSEG, foreign investors bought approximately $10.65 billion worth of equities across India, Taiwan, South Korea, Thailand, Indonesia, Vietnam, and the Philippines, registering their largest monthly net purchase since February 2024. U.S. President Donald Trump's announcement of reciprocal tariffs in early April stoked concerns over the impact on Asian exports, exporter margins, and regional supply chains, but a subsequent 90-day pause for most countries later in the month helped ease investor fears and revive interest in regional assets. Goldman Sachs said it has revised its earnings growth forecast for MSCI Asia Pacific ex-Japan (MXAPJ) to 9% for both 2025 and 2026, raising estimates by 2 and 1 percentage points, respectively, citing stronger macro growth in China and U.S.-exposed markets. The upgrade was also supported by $600 billion in AI-related investments from Saudi Arabia to U.S. firms, which are expected to benefit Taiwan and Korea, though the impact may be partially offset by a weaker dollar, the brokerage said. Taiwan equities witnessed $7.28 billion worth of foreign inflows, the largest monthly cross-border net purchase since November 2023. Foreigners also acquired a significant $2.34 billion worth of Indian stocks in their largest monthly net purchase since September 2024. South Korean, Indonesian and Philippine stocks also saw foreign inflows worth a net $885 million, $338 million and $290 million, respectively, while Thai stocks suffered $491 million of net selling. Despite heightened market volatility in the first half of the year driven by concerns over President Trump's trade policies, the MSCI Asia-Pacific Index (.MIAP00000PUS), opens new tab has risen about 8.8% year-to-date, outperforming both the MSCI World Index (.MIWD00000PUS), opens new tab, which is up 5.4%, and the S&P 500 Index (.SPX), opens new tab, which has gained 0.98%.
