Fri, Oct 4, 2024 10:21 AM
Forge Auto International shares list at 5% premium over IPO price
A Flip by Avya Verma
Spot gold, reeling under the huge downside pressure due to lack of China’s stimulus details, strong US data and the Fed’s hawkish shift in its monetary policy announced on Wednesday fell below $2600, though it recovered some of its losses in the last two trading days of the week. The metal closed with a gain of 1.13% at $2624 on Friday.
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Foreign portfolio investors (FPIs) recorded net equity inflows of Rs 21,789 crore in December so far, marking a significant reversal after months of heavy outflows. With this surge in December, FPIs have experienced a total net inflow of Rs 6,770 crore in 2024, compared to outflows of Rs 15,019 crore at the end of November. This turnaround comes after heavy off-loading in domestic equities.
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The expectations of rise in the senior citizens provides a opportunity for the National Pension System (NPS) to become cornerstone of India's pension system, said mamaging director and chief executive officer of Life Insurance Corporation of India. Mohanty said that the expected rise in senior citizens in the country provides a challenge as well opportunity for the NPS.
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