Indian stock indices touched fresh highs on Friday, largely due to strong overnight cues from US markets and consistent fund inflows by foreign portfolio investors.
According to DGM Osman Sagar, "Two flood gates will be opened to two feet height at 8 am on Tuesday due to increase in the inflows in Osman Sagar reservoir. The outflow will be 442 cusecs."
The latest fund inflows started after the recent banking crisis in the US, leading to the Silicon Valley Bank's closure, among others, in March. Also, India's strong economic outlook, as forecasted by various global agencies, seemed to have made a renewed appetite for domestic stocks.
Pakistan's external woes would continue to persist due to shrinking dollars despite agreeing to an IMF Standby Arrangement (SBA) scheme worth USD 3 billion, according to The News International.
Kwatra said a key outcome of the talks between Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe “related to digital connectivity and the fintech connectivity is an agreement reached between NPCI International and Lanka pay on UPI based digital payments. This has mul
Furthermore, there is a 6 per cent growth in net FDI inflows to 32 landlocked developing countries, among which Kazakhstan is also the leader. Ethiopia follows with USD 3.7 billion, Uzbekistan with USD 2.5 billion, and Mongolia with USD 2.5 billion, Kazakh Invest reported.
The latest fund inflows started after the recent banking crisis in the US, leading to the Silicon Valley Bank's closure, among others, in March. Also, India's strong economic outlook seemed to have a renewed appetite for domestic stocks.
Pakistan's Ministry of Finance has warned of challenges originating from uncertain external and domestic economic environments, including higher inflation and external debt repayments, due to lesser foreign exchange inflows, according to Geo News.
Indian stock market is likely to witness volatility next week (May 22-26) and shall be influenced by factors including the last leg of Q4 FY23 earnings, cues from global markets, and patterns in foreign fund inflows.
Pakistan is already struggling to find stability in politics and now, the cash-strapped country is seeing a slow pace of inflows as only USD 8.1 billion receipts in 10 months of this fiscal year stood at just 35.5 per cent of the USD 22.8 billion full-year budget target
India received foreign institutional inflows worth USD 26.6 billion into real estate during the six-year period from 2017 to 2022, a three-fold rise from the preceding six-year period, according to Nasdaq-listed investment management company Colliers.