Foreign investors continued to pare their exposure to Indian equities, withdrawing Rs 14,231 crore so far this month driven by persistent global macroeconomic uncertainties.
The Nifty ended sharply lower amid escalating US-Iran tensions, rupee weakness and heavy selling in financial stocks, slipping below the 50-day EMA and signalling renewed weakness. Analysts expect further downside if the index remains below 24,200, while Coforge and NBCC (India) are seen as attractive short-term trading opportunities.
Flexible packaging materials manufacturer RFBL Flexi Pack Ltd on Saturday announced a price band of Rs 47-50 per equity share for its initial public offering, which opens for subscription on May 12.
Investors are increasingly betting on Asia for the next phase of the global equities rally, driven by enthusiasm around artificial intelligence and strong performances in South Korean and Taiwanese markets. Strategists remain bullish on AI-linked semiconductor and hardware stocks, while India lags due to oil dependence, weaker currency trends and limited AI exposure.
Birla Corporation witnessed a robust financial performance, with its March-ended quarter net profit soaring 15% year-on-year to Rs 295 crore. Revenue saw a modest 0.8% increase to Rs 2,836 crore. The company also recommended a dividend of Rs 12.50 per share. Full-year profit surged 89% to Rs 558 crore, with a notable reduction in its debt-to-equity ratio.
Indian stock markets experienced a significant downturn on Friday. Geopolitical tensions between the US and Iran, a weakening rupee, and widespread selling in financial stocks contributed to the decline. Auto and energy sectors also saw major losses.
Global investors began rotating back into gold ETFs in April as India recorded positive flows of USD 297 million, marking its 11th consecutive month of inflows, according to a report by the World Gold Council (WGC). Following notable outflows in March, global physically backed gold ETFs recorded inflows of USD 6.6 billion during the month. As per the report, all regions registered positive flows with European funds leading the recovery.
Foreign investors continue to sell Indian shares in 2026. They have offloaded equities worth over Rs 2 lakh crore this year. This trend marks their third consecutive month as net sellers. Domestic investors are buying, but markets are falling. Experts suggest India is not attracting enough foreign capital. This impacts large companies, while smaller ones get support from local funds.
Nithin Kamath highlights persistent personal finance blunders by Indians, particularly the continued uptake of ULIPs and endowment plans despite ample information. He notes a lack of innovation in these financial missteps, where insurance and investments are wrongly combined. While health insurance faces complexities, Kamath argues these bundled products are easier to scrutinize, making poor choices harder to excuse.
Penny stocks are often seen as the riskiest corner of the market, associated with low liquidity, sharp volatility and speculative trading.
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