India's forex reserves dropped to $570.74 bn FPIs pumped in a net amount of Rs 44,481 crore in Indian equities during August 1-19. However, DIIs turned net sellers to the tune of Rs 1,633.21 crore, data suggests. Net-net, foreign portfolio investors (FPIs) turned buyers of domestic stocks to the tune of Rs 1,110.9 crore, data available with NSE suggested.
US West Texas Intermediate (WTI) crude futures for September delivery was down $1.12, or 1.2 per cent at $89.65 a barrel. Oil prices fell on Monday, ending three days of gains, on fears aggressive US interest rate hikes may lead to a global economic slowdown and dent fuel demand with concerns over slowing demand in China because of a power crunch in some areas also weighing on prices.īrent crude futures for October settlement declined $1.17, or 1.2 per cent, to $95.55 a barrel by 0054 GMT. The titans of tech took a dive and feared the Federal Reserve may tighten monetary policy. US stocks dropped on Friday, snapping four straight weeks of gains, in a broad selloff led by megacaps as US bond yields rose, with the S&P 500 posting losses for the week after four straight weeks of gains. MSCI's index of Asia-Pacific shares outside Japan was trading 0.66 per cent lower. Major Asian stocks open lower Monday on renewed fears of interest rate hikes following hawkish comments from US Federal Reserve officials and economic concerns.
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