BSE

With structural attractiveness in Indian equities among the emerging markets and the possibility that some Russian equity allocations in foreign portfolios will come to India, foreign institutional investors (FIIs) are expected to make a comeback "sooner than later", said brokerage house Samco Securities. FIIs have now been net sellers in the Indian equities market for more than 5 months in a row, the brokerage said, referring to National Securities Depository (NSDL) data.

A policy rate hike of 25 basis points by the US Fed at its latest meeting and signs of some progress in talks between Russia and Ukraine supported investors' sentiment across the board on Wednesday. Sensex closed 1.8 per cent or 1,047 points higher at 57,864 points, whereas Nifty 1.8 per cent or 312 points higher at 17,287 points.

Policy rate hike of 25 basis points by the US Fed at its latest meeting and signs of some progress in talks between Russia and Ukraine supported investors' sentiment globally."The economy is very strong, and against the backdrop of an extremely tight labor market and high inflation, the Committee anticipates that ongoing increases in the target range for the federal funds rate will be appropriate," Fed Chairman Jerome Powell told reporters after the policy meeting on Wednesday.

Amid the massive foreign fund outflows, few domestic stocks such as Chambal Fertiliser, Hindustan Petroleum Corporation and ACC, among some others, have attracted foreign investors' attention. Healthy fundamentals and sector-specific outlook of these companies have made them prime targets for foreign investors.

Keeping its early gains intact, India's key equity indices -- Sensex and Nifty - settled sharply higher on Wednesday led by rally in all the sectoral indices. Among all, Nifty metal, realty, and oil and gas were the top movers during the session, rising 2.6 per cent, 3.6 per cent, and 2.0 per cent, respectively. Coming to the indices, Sensex settled 1.9 per cent or 1,040 points up at 56,816 points, whereas Nifty 1.9 per cent or 312 points up at 16,975 points.

India's key equity indices -- Sensex and Nifty -- closed the session deeply in the red as investors' focus shifted to the US Fed's FOMC meeting to be concluded on Wednesday. With Tuesday's losses, the benchmark indices snapped their five-day bull run. After reducing policy rates in wake of Covid, market participants widely expect the US Fed to tighten monetary policy rates.

At 9.44 a.m., Sensex was 0.2 per cent or 91 points up at 55,642 points. However, Nifty was 0.03 per cent or just 5 points down at 16,625 points. Among the stocks, Infosys, HDFC Bank, Tech Mahindra, State Bank of India, and Wipro were the top five gainers among the Nifty 50 companies, while Tata Motors, IOC, Eicher Motors, Hindustan Unilever, Bajaj Auto were the top five losers, NSE data showed.

Rally in Indian benchmark equity indices continued for fourth consecutive sessions as it settled marginally higher on Friday. Sensex settled 0.2 per cent ot 86 points up at 55,550 points, whereas Nifty 0.2 per cent or 36 points up at 16,630 points. Nifty pharma index was the top mover among the indices, rallying 2.5 per cent during the session in line with the healthcare index.

With Friday's rally, indices have managed to rise for four consecutive sessions. At 9.55 a.m., Sensex was 0.5 per cent or 295 points up at 55,759 points, whereas Nifty was 0.5 per cent or 83 points up 16,678. Among the stocks, JSW Steel, Bajaj Finserv, Sun Pharma, Axis Bank, and Tata Steel were the top five gainers among the Nifty 50 companies; while Tata Consumer, Tata Motors, Nestle India, Maruti Suzuki, and UPL were the top losers, NSE data showed.

The Indian equity markets managed to keep their early gains intact to close Thursday's trade on a positive note.With Thursday's rally, indices have now risen for three consecutive days. Sensex settled 1.5 per cent or 817 points higher at 55,464 points, while Nifty ended 1.5 per cent or 250 points up at 16,595.