MONEY MASTER

Amid a turbulent week in the markets due to Middle East tensions , Indian investors set a new record, purchasing $1.53 billion in shares during Thursday's selloff, the largest since August. This marked the third time in 2024 that domestic buyers poured over $1 billion into the market in a single day , helping to absorb most of the $1.8 billion in stocks offloaded by foreign investors. The Nifty index is on track for its biggest weekly decline in over two years , yet domestic institutions continue to capitalize on market dips, demonstrating their resilience and influence during times of global volatility. In other sectors, BSE and brokerage Angel One outperformed Thursday's selloff, despite concerns over the impact of SEBI's options trading curbs . While premium turnover has stagnated, some analysts expect trading volumes from discontinued NSE contracts to shift to BSE , providing a potential upside. Meanwhile, the recovery in consumer staples stocks has been called i...

Foreign banks have become the largest investors in India’s trillion-dollar sovereign bond market in recent weeks, drawn by the country's strong economic prospects and stable currency. Key Highlights/Takeaways: Significant Investment: Foreign banks have purchased over 500 billion rupees ($6 billion) of Indian debt since June 1, according to the Clearing Corp. of India. This far exceeds the 200 billion rupees of net inflows into index-eligible bonds during the same period. Positive Outlook: Major custodian banks, including Deutsche Bank AG and HSBC Holdings Plc, are optimistic about India following its inclusion in JPMorgan Chase & Co’s emerging-market bond index at the end of June. Recent election results reinforcing political stability have further bolstered this positive sentiment. Market Dynamics: According to Nitin Agarwal, head of India trading at ANZ Group, banks covered their short positions post-election and have since gone long, reflecting strong macro fundamentals. The...

Tesla Inc., the globally renowned electric vehicle (EV) manufacturer led by Elon Musk, has put its investment plans in India on hold. This development comes after the company’s executives ceased communication with Indian officials, signaling a significant shift in strategy. For investors, understanding the implications of this decision is crucial. Here’s what you need to know. Background Tesla’s initial interest in the Indian market was sparked by the country’s efforts to attract foreign investment in the EV sector. In early April, India lowered import taxes on electric vehicles for foreign manufacturers who pledged to invest at least 41.5 billion rupees (approximately $497 million) and start local EV production within three years. Musk had planned a visit to India to discuss these opportunities with Prime Minister Narendra Modi, but the visit was postponed. Current Situation According to sources familiar with the matter, Tesla has not made further inquiries with Indian officials since...