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This is not the first time that China has extended a stimulus “carrot” to entice investors. Back then in Feb-March, China announced series of stimulus measures targeting property sector and infrastructure investments

Since June, FPIs have consistently bought equities after withdrawing Rs 34,252 crore in April-May. Overall, FPIs have been net buyers in 2024, except for January, April and May, data with the depositories showed.

According to data from trade association NASSCOM, the sector’s revenue reached $254 billion in the year ending March 2024, with exports touching $200 billion. Management consulting company Gartner, meanwhile, forecasts that India’s IT spending will grow by 12.2% to reach $146 billion in 2024 and $203 billion by 2028.

"The domestic market showed positive reversal signs this week, aided by festive sentiment, steady institutional inflows, and declining oil prices," said Vinod Nair, Head of Research at Geojit Financial Services. Market sentiment was also uplifted by easing geopolitical tensions and positive India-China relations.

Swiggy is serving the IPO at a lower valuation of $11.3 billion as against its earlier target of around $15 billion. The valuations were reduced due to prevailing market volatility and the lacklustre debut of Hyundai India.

For 15 years they have not done anything. You just imagine even Hong Kong index was some 32,000 or 34,000 in 2008. It is still hovering around 22,000 or 20,000 or something and 14 years and we are I do not know eight times plus or nine times plus we do not know

Dividend yields provide insight into the income investors as to how much one can earn relative to their investment in a stock. Higher yields are often appealing to income-focused investors.

Nilesh Shah from Envision Capital believes consumer demand in India is growing thanks to aspirational spending, despite disruptions from new market entrants. He emphasizes the need for job creation, upskilling, and private capital expenditure, prominently investing in sectors like financials, renewables, and smaller IT firms with growth potential.

The Nifty largely consolidated with a bearish undertone over the past five sessions, trading within a narrow range and ending the week with a modest gain. The index stayed below its crucial resistance points and saw increased volatility. Looking forward, careful approach is advised as technical rebounds are likely to face resistance.