10/11/2022
FIIs (Foreign Institutional Investors) turned net buyers in October, pumping in Rs. 8,430 crs and have continued the trend in Nov 22 buying a net of Rs. 9,961 crs till date, while DIIs (Domestic Institutional Investors) were net sellers, which resulted in a 4.78% month on month gain on the Nifty 500. The FII buying indicates that India is the preferred Emerging Market for Global investors, with them moving away from China and Russia.
Markets remain volatile with oil prices reducing by around 3% month on month as China has continued its lockdowns as part of their zero covid policy and the US has increased its crude oil stock.
The US Core inflation rate eased to 6.3% and inflation reduced to 7.7% in October 22 over the previous month, if this continues, we may see an easing on the interest rate hikes.
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