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Oil drives April exports to highest in 4 years; imports up 10%, trade deficit at 3-month high

NEW DELHI: Higher petroleum prices propelled India’s exports to $43.6 billion, the highest monthly level in over four years, showing a 13.8% growth, which is fastest in five months. Imports rose at a more moderate pace of 9.9% to $71.9 billion, resulting in a trade deficit of 28.3 billion, a three-month high.Oil product exports jumped…

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Stock market crash: Nifty50, BSE Sensex close at over 3-month lows; Rs 9.86 lakh crore wiped out – what’s the road ahead?

Foreign investors sold Indian equities worth about $3 billion in January, the largest monthly outflow since August. (AI image) Stock markets saw a very sharp selloff on Tuesday, resulting in market capitalization dropping and investors’ wealth eroding by as much as Rs 9.86 lakh crore. Both Nifty50 and BSE Sensex declined by over 1%, dropping…

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Foreign inflows resume: FPIs turn net buyers after 3-month selloff; Rs 14,610 cr flows back into Indian equities

Foreign portfolio investors (FPIs) resumed buying Indian equities in October, ending a three-month stretch of continuous selling. Data from the National Securities Depository Limited (NSDL) shows that Indian stock markets witnessed net inflows of Rs 14,610 crore during the month.The latest inflow follows a sharp withdrawal trend seen earlier. FPIs had sold equities worth Rs…

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