Mirzapur

The 10-year US bond yield, which had reached 5 percent on October 19, has started to decline, with a notable drop in the last two days, bringing it down to 4.66 percent as of November 3.

In the short term, the dollar index at 106.3, Brent crude at around $85, and the 10-year US bond yield at 4.75 percent create favorable conditions for the stock markets.

The investment amount however rose 7 per cent compared to the immediate previous quarter which saw $5.7 billion being invested across 181 deals, shows data from Venture Intelligence.“Clearly, Big Ticket Private Equity investors have far more confidence in investing.

According to regulatory filings with the US Security and Exchange Commission (SEC), Invesco valued Swiggy's shares at $3,305 (as of January 31, 2023) -- down from $4,759 in October 2022. In October last year, Invesco had already reduced the valuation of its holding in Swiggy to about $8 billion. Swiggy had reached a $10.7 billion valuation in a round led by Invesco in January last year.

According to the Reserve Bank of India's (RBI) weekly supplementary data, the country's foreign exchange reserves fell by $3 billion to $561.046 billion in the week ending August 26, compared to $564.053 billion in the previous week. This is the fourth straight week when foreign exchange reserves have continued with their declining trend.

However, China is a notable absentee in the list and what is all the more interesting is that it has not been there in the list of main contributors to India's foreign inflows since 2017-18, according to Reserve Bank of India (RBI) data. In the list of country-wise FDI inflows into India in 2021-22, Singapore was the leading contributor with $15.9 billion worth of inflows, followed by the United States at $10.5 billion and Mauritius at $9.4 billion.

"The sentiments in the market have turned bullish due to the sustained buying by FPIs. FPIs turned net buyers in July and they have turned aggressive buyers in August. India is a preferred destination since India has the best growth prospects among large economies of the world. FPIs have turned buyers in autos, capital goods, FMCG and telecom. They continued to sell in IT," said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

At the interbank foreign exchange market, the rupee ended at 79.66 against the US dollar, as against 79.64 at the close of the previous trading session. The 10-year benchmark 6.54 per cent-2032 bond yield ended at 7.2894 per cent, marginally higher than 7.2673 per cent close on the previous trading session.

The fund aims to build an active, well-diversified portfolio, representing a cross-section of companies across major industries, economic sectors, and market cap segments. "Given this was our maiden retail mutual fund offering, all we expected was a willingness from industry participants to experience us with a wide-spread participation and a critical mass of investor base on which to deliver performance and build track record.

"There is a complete reversal of FPI activity in the Indian stock market. FPI who were relentless sellers in the Indian market from October 2021 to June 2022 turned net buyers in July and the buying continues in August, so far. The change in FPI strategy has imparted strength to the recent market rally," said Dr V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.