![]() Taiwan Weighted and Kospi ended with gains of over 2%. Consumer staples and discretionary names have been seeing some pressure on account of concerns related to margins going forward with commodity prices picking up again,” said Hariharan.Īsian equities snapped a five-day losing streak on Friday, tracking a rally in the US markets, with investors looking to China’s twice-a-decade party congress for policies to help revive its economy and markets. “We expect the current bout of macro volatility to continue to cap any meaningful upsides in the indices, strong fundamentals notwithstanding. As a result, the broader market has been moving sideways despite expectations of a strong earnings season,” said S Hariharan, head of sales trading at Emkay Global Financial Services.Īlso Read: JK Files IPO when market conditions stabilise: Raymond Group CFO “FPI flows into India have turned negative for the last few sessions after a positive start in October. ![]() This may keep Indian equities volatile in near future. ![]() US consumer prices surged to a 40-year high in September, which may put pressure on the Federal Reserve to raise interest rates more aggressively. ![]() In the year to date, overseas investors have offloaded shares worth $23.2 billion. Diwali Muhurat Samvat 2079: Nifty may hit 19425 housing, consumption, CVs among key investment themesįPIs sold shares worth Rs 1,011 crore on Friday while domestic institutions purchased shares worth Rs 1,624 crore, provisional data showed.
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