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FII selling crosses Rs 50,000 crore this month. Trump sarkar may just deepen the exodus

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[hfe_template id='11223'] [ad_1] Making Sensex tumble by 2,300 points and Nifty by 2.6% so far in the month, foreign institutional investors (FIIs) have pulled out over Rs 50,000 crore from Dalal Street in January. And now with Donald Trump taking over as the US President, there are fears that FII outflow could accelerate as pro-America policies may suck in liquidity back to Wall Street. In the first 15 trading days of 2025, FIIs have sold Indian stocks worth over Rs 57,000 crore as the ongoing Q3 earnings season is doing little to convince big boys to stay put. InCred Equities estimates that profit growth has been flat so far on a year-on-year basis on 4% sales growth. While heavyweights like TCS and Reliance Industries (RIL) surprised positively, Zomato numbers show consumption slowdown. A survey of fund managers in Asia by BofA Securities shows that India is off investor radar with most participants seeing further decline in equity markets. Even as investors think tha...

Stocks drop, Nasdaq confirms correction as recession fears mount

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[hfe_template id='11223'] [ad_1] U.S. stocks sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked fears of an oncoming recession. The Labor Department said nonfarm payrolls increased by 114,000 jobs last month, well short of the 175,000 average forecast by economists polled by Reuters, and the at least 200,000 that economists believe are needed to keep up with population growth. The unemployment rate jumped up to 4.3%, near a three-year high. The data added to concerns the economy was slowing more rapidly than anticipated and the Federal Reserve had erred by keeping rates steady at its policy meeting that concluded on Wednesday. Expectations for a rate cut of 50 basis points (bps) at the Fed's September meeting jumped to 69.5% from 22% in the prior session, according to CME's FedWatch Tool "Obviously the jobs number is the big headline, but we seem to have officia...