KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Global funds are pouring into Indian equities , marking a strong return to the US$5 trillion market as election-related uncertainties wane and Prime Minister Narendra Modi secures a third term. Foreign investors have made net purchases of US$8.5 billion this quarter, the highest since mid-2023, positioning India for continued inflows, especially with the Federal Reserve now cutting interest rates. As India's NSE Nifty 50 Index heads for its ninth consecutive annual gain , overseas funds are finding comfort in India's valuations, which, although high relative to emerging-market peers , reflect the nation's strong corporate performance and favorable economic conditions . HSBC Global Private Banking & Wealth's Chief Investment Officer, James Cheo , cited India’s growth story as more appealing than markets with "subdued" prospects. India's GDP growth of 6.7% in the last quarter far outpaced China's 4.7% , cementing its status as a major engin...