The Sensex was up 382 points at 75,124.28 at open on April 9. This latest 5,000-point run in the index comes after just 82 days. Sensex had crossed the 70,000 mark in December 2023.
After outflows worth ₹37,632 crore in the financial year 2022-23 (FY23), foreign portfolio investors (FPIs) returned as buyers in the current financial year (FY24), buying Indian equities worth ₹2.04 lakh crore so far.
Foreign Portfolio Investors are turning steady buyers as they bought Indian equities worth Rs 6,139 crore so far this month. Find out more about the reasons behind their investment and the impact on the Indian equity market.
Jefferies predicts IPO (initial public offering) and FPO (follow-on public offering) issuance could hit 4-5 percent of market capitalisation, mirroring China s figures.
Morgan Stanley sees a significant opportunity for bottom-up stock picking, by owning businesses with strong balance sheets, robust growth and improving profitability. MS also discussed the broad areas where it sees investment opportunities.