Economic dataBusiness Today
FII buying at 5-year high, Nifty profits up 22%
Positive+52
GreyOak summary
Foreign investors returned to Indian equities with net buying of 60,698 crore in seven sessions, the highest since January 2021. Corporate earnings for the September quarter showed median profit growth of 22.3% for Nifty 50 companies. Valuations eased, with the Nifty 50 trading at 18 times forward earnings, below its five-year median.
What it affects
- NIFTY 50Positive +52
Trades at 18x earnings vs 20.8x median.Rolling sentiment Positive +36
- FII flowsPositive +52
FIIs bought 60,698 crore in seven sessions.Rolling sentiment Positive +25
