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As per market sources, the Ministry of Food Processing Industry has written to the Commerce Ministry proposing a ban after starch manufacturers raised the case of higher maize prices and non-availability. As maize is not included under the essential commodity, it is unlikely that the government would impose an export ban.

Going forward, in the near term, FPIs are likely to make only modest purchases in performing sectors and may continue to sell and book profits in sectors where they are sitting on big profits, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.More money is likely to move into cheaper markets like China and South Korea where the valuations are compelling now, he noted.

Gold finished the week ending on November 9 almost unchanged at $1797.26, which is a sign of strength considering that the US 10-year yields at 3.584% were up 2.63% on the week, and the US Dollar Index gained 0.38% to close at 104.90.Gold held well despite the US ISM services (November reading came in at 56.50 as against the forecast of 53.30), factory orders ( October reading stood at 1% vs the forecast of 0.70% and PPI

Nifty after peaking out near 18887 levels, witnessed some profit booking, led by the major frontline IT stocks witnessing some profit booking and shedding their gains from their peak levels, accompanied by the Metal sector also lost some momentum.

The Nifty took some breather and closed a tad below 18500 levels losing 1% during the week. Despite gains of more than 0.5% from banking space, Technology stocks turned spoiler as NSEIT index declined by more than 6% last week

"The Bank Nifty index after a breakout is not able to surpass the hurdle of 44,000 on the upside. The index lower-end support is at 43000 and if breached, will lead to aggressive selling on the downside towards 42,000-41,400 levels."

In the last 2 years, we have seen major reforms like pledge - re-pledge to make sure that the security given for margin remains in client accounts, upfront margin requirements for all trades, Peak margin system to avoid over leverage, and segregation of client funds and securities.

India is forecasted to grow by 6% in FY24, compared to 6.8% and 8.7% in FY23 and FY22. Foreign investors will have the option to deploy and shift funds from one country to another, while possibilities for a domestic investor will be limited.However, there are options to invest in foreign stocks and based funds through direct schemes, which is not the debate of the article.

On Friday, the Nifty50 ended below the crucial support level of 18500 points at 18497 points with 0.6% losses. Even though BSE Sensex managed to close above the 62000 mark, the index shed 0.6% and settled at 62182.

This is what happens when you have a financial goal in dollar terms but save and invest in INR terms since the inflation differential between India and developed countries have led to INR depreciation by 4% CAGR over the last decade.