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Foreign Institutional Investors (FIIs) have been rapidly exiting Indian markets, and this high-speed exodus does not look like it will stop anytime soon. In October 2024, FIIs withdrew Rs 1,14,445.89 crores from Indian markets. Yesterday, FIIs withdrew $770.67 million from the markets, with equity outflows of $440.86 million and debt outflows standing at $327.44 million across various categories. Per NSDL data, hybrid outflows amounted to $2.31 million. While this may sound dissuading at first, a recent SBI report underlined that FIIs still hold a massive $ 18.241 billion in Indian markets. So far, FY25 has seen FII inflows worth $ 8.924 billion. However, the situation may quickly turn alarming as well, given that FII holdings in Indian equities have already come down to a 12-year low. Says Anirudh Garg, Partner and Fund Manager at Invasset PMS, "The current valuation of Indian stocks, trading at around 24 times expected earnings, appears high compared to Chinese stocks, which are at approximately 10 times. Economic concerns, including weak corporate earnings and declining consumer demand, further exacerbate this situation. Additionally, renewed fears of inflation and potential monetary tightening by central banks have led FIIs to withdraw from the Indian market." In the meantime, DIIs (domestic institutional investors) are stepping in big time. During October 2024, DIIs infused Rs 1,07,254.68 crore in Indian markets. In November so far, DIIs have been keeping the fund momentum going, infusing Rs 12,265.74 crore in India, while FIIs have offloaded Rs 16,445.49 crore this month. But despite this strong uptick, SBI's recent report suggests that consumer confidence in India remains below 100, signaling muted positivity and optimism in the economy. While household consumption is gradually recovering, it grew at 4% last year, much below the 7% levels recorded pre-pandemic. <h2>FII share in <keyword id="20868945" type="General" weightage="20" keywordseo="NSE-listed-companies" source="keywords">NSE-listed companies</keyword> takes a dip, DII stake rise </h2>FIIs share in NSE-listed companies stood at 15.98% in October, with assets under their custody in the equity segment coming to Rs 71.08 lakh crore last month. In September, this stood at Rs 77.96 crore. Experts suggest that this is likely to continue for some time to come. Mutual funds, on the other hand, saw their share in NSE-listed companies hit a record high of 9.58%, as opposed to their 9.32% stake in September 2024. FIIs turned net sellers in the debt segment as well in October, dumping $771 million in Indian markets. This comes after 2 consecutive months of healthy inflows in this segment in August and September 2024, where the figures stood at $2,806 million and $2,295 million, respectively.

FII stake in Indian equities dips to a 12-year low

The ongoing <keyword id="20168812" type="General" weightage="20" keywordseo="sell-off" source="keywords">sell-off</keyword> by <keyword id="19900795" type="General" weightage="20" keywordseo="foreign-investors" source="keywords">foreign investors</keyword> continues to loom large on <keyword id="19991358" type="General" weightage="20" keywordseo="Indian-markets" source="keywords">Indian markets</keyword>. In October so far, <keyword id="19950996" type="General" weightage="100" keywordseo="FIIs" source="keywords">FIIs</keyword> (foreign institutional investors) have already withdrawn Rs 74,732.20 crores. Not for a single day this month have FIIs poured money into <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>. The sell-off started on October 1, when foreign investors withdrew Rs 5,579.35 crore. The highest withdrawal of this month came on October 3. 2024, when FIIs sold Rs 15,243.27 crore worth of assets. Yesterday, i.e. on October 17th, FIIs pulled out Rs 7,421.40 crore from the markets. Experts state that FIIs are continuously putting pressure on Indian stocks, but the situation is expected to improve in the coming weeks with a sharp recovery anticipated. "We remain optimistic as the FII selling may have crossed the half way mark already and as it tones down, the domestic flows will help a recovery. When the recovery happens it will sharp and concentrated, giving long term investors motivation to stay put during the harrowing volatility of a roller coaster market that has repeatedly tested support levels but remains oversold, hence ripe for a bounce sometime in the next few weeks" said Ajay Bagga, Banking and Market Expert to ANI. Between January and October 2024, foreign investors have invested a net of 1,87,298 crore in India. This year, apart from the current sell-off, January, April and May also saw <keyword id="23593694" type="General" weightage="20" keywordseo="investment-outflows" source="keywords">investment outflows</keyword> by FIIs. The intense selloff comes right after September, when foreign investors invested a record Rs 93,538 crore in the Indian markets. June, July and August 2024 had also seen positive inflows from foreign investors of about Rs 41,757 crore, Rs 48,796 crore and Rs 25,493 crore respectively. However, a resilient, strong domestic investor base is keeping Indian markets afloat. <keyword id="21714171" type="General" weightage="20" keywordseo="DIIs" source="keywords">DIIs</keyword> (domestic institutional investors) have been consistent buyers throughout this month, largely balancing the outflows prompted by FIIs. In October so far, DIIs have invested about Rs 68,961.37 crore in the market, with the highest monthly inflow coming in on October 7th. While DIIs invested Rs 13,245.12 crore in Indian markets on that day, foreign investors withdrew Rs 8,293.41 crore. Yesterday i.e. on October 17, 2024, DIIs invested Rs 4,979.83 crore in the markets. At present, experts note that DIIs are flush with cash at the moment, with <keyword id="20052797" type="General" weightage="20" keywordseo="mutual-fund-inflows" source="keywords">mutual fund inflows</keyword> reaching an all-time high of Rs 24,509 crore in September 2024, a record 52.78% jump from the corresponding year ago period, where they stood at Rs 16,042 crore. Generally, keeping around 3-5% of their assets in cash is considered an acceptable practice amongst mutual fund houses. As per reports, mutual funds are currently in possession of Rs 1.86 lakh crore worth of cash, which constitutes 5.03% of their total AUM as of September 2024.

Exodus of foreign investors from Indian markets continues unabated in October. But DIIs are holding the fort steady

<ul><li>The <keyword id="19925636" type="General" weightage="20" keywordseo="stock-market" source="keywords">stock market</keyword> commenced on a positive note today, as both the Sensex and Nifty indices saw gains.</li><li>Sensex opened 74.96 points up at 73970.50, while Nifty 50 opened 35.70 points higher at 22478.40.</li><li>Hindustan Unilever, Britannia, BPCL, ITC, and Coal India led the gains, while Bajaj-Auto, Power Grid, Cipla, Divi's Lab, and JSW Steel were the top decliners.</li></ul>The stock market commenced trading on a positive note today, as both the Sensex and Nifty indices saw gains, aligning with global market trends. Sensex opened 74.96 points up at 73970.50, while Nifty 50 opened 35.70 points higher at 22478.40. Among the Nifty companies, 29 were advancing while 21 were declining. Hindustan Unilever, Britannia, BPCL, ITC, and Coal India led the gains, while Bajaj-Auto, Power Grid, Cipla, Divi's Lab, and JSW Steel were the top decliners. Market expert Ajay Bagga attributed the positive opening to the strong corporate earnings in the US and enhanced rate cut expectations following a subdued April Jobs Report. He noted that <keyword id="20155107" type="General" weightage="20" keywordseo="Asian-markets" source="keywords">Asian markets</keyword> also opened positively, setting the stage for a mildly positive start in India. However, Bagga highlighted the trend of afternoon <keyword id="21360658" type="General" weightage="20" keywordseo="FII-selling" source="keywords">FII selling</keyword>, which has been limiting significant upward movements in the Indian markets. Bagga said, "US markets finished the session at the days high on the back of continued strong corporate earnings and enhanced rate cut expectations following last weeks subdued April Jobs Report. Asian markets opened positive in a continuation trade. Indian futures are indicating a mildly positive start. However the last few days trend has been a mildly positive opening in India based on good global cues followed by FII selling in the afternoon." He added, "FII selling is sustaining for now and is not allowing Indian markets to cross significant levels on the upside. For now expect range bound price action , with stocks moving on their earnings announcements." Currently, Nifty is positioned around the support levels of 22,400 - 22,300, with a short-term negative trend. Analysts suggest the possibility of an upside bounce as long as the support at 22,300 holds, but a breach of this level could lead to further weakness in the short term. Analyzing the Nifty Open Interest (OI) Data, the highest OI on the call side was observed at 22,500 and 22,700 strike prices, while on the put side, the highest OI was at 22,500 strike price. Meanwhile, Asian stocks saw marginal gains, with Japan's Nikkei 225 surging up to 1.6% and Australian equities also showing positive movements. The yen depreciated after Japan's top currency official, Masato Kanda, suggested no immediate need for government intervention in the market. Optimism surrounding China's supportive policies and expectations for a continuation of economic policies in India under Prime Minister Narendra Modi's potential third term contributed to the positive sentiment in global equity markets. Varun Aggarwal, founder and managing director, Profit Idea, said, "Optimism surrounding China's supportive policies and expectations for a continuation of economic policies in India under Prime Minister Narendra Modi's potential third term are contributing to the positive sentiment in global equity markets. Oil prices rose, while US stock futures remained steady amidst developments in the Israel-Gaza conflict." Oil prices rose, while US stock futures remained steady amidst developments in the Israel-Gaza conflict. In the US, investors analyzed remarks from various Fed officials regarding interest rate trajectories, while Australia's central bank is expected to maintain its key interest rate with a reinstated hawkish bias. Overall, the backdrop for stocks remains favorable, driven by healthy profit growth, potential Fed rate cuts, and increased investment in artificial intelligence. 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Sensex-Nifty rally at opening bell, riding high on global market surge

New Delhi [India], July 24 (ANI): Indian Benchmark indices opened in negative territory as the <keyword id="19908389" type="General" weightage="20" keywordseo="Union-Budget" source="keywords">Union budget</keyword> proved to be a non-event to the <keyword id="20346556" type="General" weightage="20" keywordseo="market-participants" source="keywords">market participants</keyword>. The <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> opened in red at 80,343.38, down 85.43 or 0.11 per cent while the <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> 40 also opened in red at 24445.00, down 34 points or 0.14 per cent. The Bank Nifty showed a similar trend opening at 51657.70, lower by 120.60 points or 0.23 per cent. Among the sectoral stocks Bank, Auto, Financial Services, IT, Pharma, Private Bank, Realty, and Healthcare traded in red during the initial hours of the trade. On the other hand the sectoral stocks of FMCG, Media, Metal, PSU Bank, Consumer Durables, Oil and Gas traded in red. The <keyword id="19925636" type="General" weightage="100" keywordseo="stock-market" source="keywords">stock market</keyword> experienced significant volatility during the announcements of the Union Budget on Tuesday. Following the presentation of the Union <keyword id="15478236" type="General" weightage="20" keywordseo="Budget-2024" source="Orion">Budget 2024</keyword>, domestic indices closed marginally down on the last day. During the trade hours last day, the stocks of consumer durables, FMCG, and pharma sectors saw buyers flowing following the incentives proposed by the Finance Minister. The greater emphasis on employment, skilling, and continued infrastructure spending affected the market movement on Tuesday. "Overall budget has proved to be a non-event, with Indian markets falling and then recovering during the day itself. DIIs bought strongly, while FIIs unloaded a large amount on <keyword id="20402622" type="General" weightage="20" keywordseo="budget-day" source="keywords">Budget Day</keyword>. DIIs went in short and are holding a massive Rs 125,000 crore in cash, which will get allocated slowly. That will support the markets, with massive liquidity sitting on the sidelines waiting to buy at every dip. The risk will now come from a global deterioration," said Ajay Bagga, a banking and market expert. The overseas investors turned net sellers in the Indian market on Tuesday after almost a week. The foreign investors offloaded the stock worth Rs 2,975.3 crore on the budget day. While the domestic investors were the net buyers with Rs 1,418 crore as per the National Stock Exchange (NSE) data. "Technically, the Nifty 50 charted a small negative candle with a long lower shadow, resembling a bullish hammer pattern, suggesting potential for a rebound. Despite recent volatility, the index has held above its 10-day and 20-day EMAs for several weeks, indicating resilience," said Varun Aggarwal MD, Profit Idea. Asian markets mirrored Wall Street's losses, with Japan's Nikkei 225 and South Korea's Kospi both trading lower on Wednesday. Hong Kong's Hang Seng index futures pointed to a flat opening. In the US, major indices closed slightly lower on Tuesday amidst earnings reports from Alphabet and Tesla. The Dow Jones declined by 57.35 points (0.14 per cent) to 40,358.09, the S&amp;P 500 dropped 8.67 points (0.16 per cent) to 5,555.74, and the Nasdaq Composite edged down by 10.22 points (0.06 per cent) to 17,997.35. Tesla shares fell 2 per cent in regular trading and an additional 8 per cent in after-hours trading, while Alphabet saw a modest increase of 0.1 per cent.

Nifty, Sensex yet to cheer Union Budget 2024 as stock markets open in red

<keyword id="19900617" type="General" weightage="100" keywordseo="stock-markets" source="keywords">Stock markets</keyword> closed lower on Wednesday with Nifty taking a breather after a 14-day winning run and Sensex dropping by 202 points due to <keyword id="23040145" type="General" weightage="20" keywordseo="weak-global-trends" source="keywords">weak global trends</keyword> on worries of a potential slowdown in the <keyword id="20068100" type="General" weightage="20" keywordseo="US-market" source="keywords">US market</keyword>. The 30-share <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> fell 202.80 points or 0.25 % to settle at 82,352.64. During the day, it tumbled 721.75 points or 0.87 % to 81,833.69. Snapping its 14-day rally, the <keyword id="19950205" type="General" weightage="20" keywordseo="NSE-Nifty" source="keywords">NSE Nifty</keyword> declined 81.15 points or 0.32 % to 25,198.70. Intra-day, it tanked 196.05 points or 0.77 % to 25,083.80. Nifty has surged nearly 1,141 points or 4.59 % in 14 straight days. Among the 30 Sensex firms, ICICI Bank, State Bank of India, Axis Bank, Mahindra &amp; Mahindra, Infosys, Larsen &amp; Toubro, Tata Steel, Tata Consultancy Services, Bajaj Finance and Adani Ports were the major laggards. Asian Paints, Hindustan Unilever, UltraTech Cement, <keyword id="20026907" type="General" weightage="20" keywordseo="sun-pharma" source="keywords">Sun Pharma</keyword> and Reliance Industries were among the gainers. In <keyword id="20155107" type="General" weightage="20" keywordseo="Asian-markets" source="keywords">Asian markets</keyword>, Seoul, Tokyo, Shanghai, and Hong Kong ended sharply lower. European markets were also trading in the red. The US markets ended significantly lower on Tuesday. "The warning signals from weak US manufacturing data added concerns about a potential slowdown in the US economy, which dragged the domestic indices. Due to a lack of major domestic triggers, the indices will take direction based on global cues," said Vinod Nair, Head of Research, Geojit Financial Services. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,029.25 crore on Tuesday, according to exchange data. Global oil benchmark Brent crude declined 0.14 % to USD 73.65 a barrel. Osho Krishan, Senior Analyst - Technical &amp; Derivatives, Angel One Ltd, noted that the weakness in the global bourses led to a gap-down start for our markets, breaking the 14-day winning streak for Nifty. However, post the opening bell, the bulls showed resilience and gradually led the index to higher ground, paring down some of the losses with a modest recovery. Eventually, the Nifty50 index settled the day a tad below the 25200 level, with a cut of 0.32 percent after a very long haul. "The recent fall could be seen as a breather with no alterations to the ongoing trend. Furthermore, the unwavering strength of the Bulls demonstrated throughout the session reflects the positive sentiment in the domestic market. From a technical standpoint, the pullback post the setback construes a positive scenario, with strong support being seen around the 25,100-25,080 spot zone for Nifty, followed by the sacrosanct support of the 25,000 mark in the comparable period. On the higher end, the highs of 25,300-25,350 is now expected to be seen as a resistance and an authoritative breach could only open the next leg of the rally towards 25,400-25,500", he said. "Going ahead, it is crucial to stay vigilant about global developments, as they can significantly impact the intermediate trend for our markets. While our domestic market shows strength, it is essential to proceed thoughtfully, adopt a practical approach, and focus on selective stock choices for superior performance", Krishan continued. Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd highlighted that selective buying in heavyweight stocks helped trim the losses as the session progressed, with the index eventually closing at 25,198, down by 0.3%. Sector-wise, the trend was mixed; pharma, realty, and FMCG sectors saw gains, while IT and metal sectors faced profit-taking. "This move indicates that the bulls are still holding their ground, though consolidation could occur if global pressures intensify. We recommend maintaining a focus on stock selection and trade management, with the support zone for Nifty remaining strong at 24,850-25,000", he said.

Nifty halts 14-day rally; Sensex drops over 200 points tracking weak global markets

<ul><li>Maharashtra Seamless is the manufacturer of pipes and tubes and has more than doubled its investor’s investment in the last one year.</li><li>One aspect of rising interest in the company’s stocks is because of increasing promoter, FII and DII holdings.</li><li>The company is the market leader in the domestic seamless pipes segment with 55% market share.</li></ul>Pipe and tube manufacturer Maharashtra Seamless has doubled investors' money in the last one year because of increasing promoter interest and crude oil prices and Russia Ukraine war. Based in Thane, Maharashtra, Maharashtra Seamless is in the business of manufacturing pipes and tubes and also diversified into renewable power generation through solar and wind power across Maharashtra and Rajasthan. But it isn’t the renewables but high crude oil prices that improved its prospects. It exports seamless pipes for crude transportation and the March and June quarters were particularly good for the company, as crude oil prices soared to over $100 a barrel. “Increase in crude oil prices typically accelerates exploration and production activities in the USA, Canada, Middle East. The Russia-Ukraine crisis provides opportunities for domestic pipe manufacturers, especially for supplies to Europe. The management expects strong demand from the export segment will continue as it has received higher enquiries in the recent period,” said analysts at HDFC Securities as they initiated coverage. The company, which is a part of DP Jindal Group, caters primarily to the oil &amp; gas sector but also supplies power plants, boilers, fertilizers, chemical, pharmaceutical and automobile engineering. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,352 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹721 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">87% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹153 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹96 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">59% </td></tr></tbody><tbody></tbody><tbody></tbody></table> Disruption means new Analysts believe that the Russia-Ukraine war has disrupted the global supply chain. As Europe is trying to cut out gas imports from Russia and find new sources — it would culminate into new sources of gas and crude – which means more business for the company – as new infrastructure is built. “It has new products like subsea pipes and premium connection pipes domestically and engages stockists in freight-friendly markets overseas to capture a larger share of the export market. The outlook is bright considering its potential to tap the export market and the growing demand for its product,” says Manoj Dalmia, founder and director at Proficient Equities. It also has large domestic clients like Indian Oil Corporation, BHEL, Reliance Industries, ISGEC, NTPC, Larsen &amp; Toubro, Adani, DLF, Indrapastha Gas and Unitech. And this business is growing too. “Company business model looks great in both the domestic as well as overseas market. In the domestic market, the government has focused on LPG supply via gas pipelines,” Ravi Singhal, CEO at GCL Securities, told Business Insider India. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 estimate </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 estimate </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,644 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,308 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,200 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,588 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5,120 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹392 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹324 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹433 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹514 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹594 crore </td></tr></tbody><tbody></tbody><tbody></tbody></table> Analysts expect strong orders for the pipe manufacturer in the coming times for oil, water and gas pipelines from countries like the Middle East and Europe. “MSL products have a strong export demand given its capabilities to make API certified pipes. Going forward, around 30-40% volumes would cater to export demand. Higher export revenue share coupled with a relatively better margin profile would help in improving its EBITDA margins,” said HDFC Securities. The brokerages also expect crude prices to remain at elevated levels in the medium term which would translate into healthy volumes for seamless pipes manufacturers. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/mukesh-ambani-is-all-set-to-do-a-jio-with-green-energy/articleshow/93432238.cms">Mukesh Ambani is all set to do a ‘Jio’ with green energy</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/commonwealth-games-2022-here-are-indias-gold-medal-winners/slidelist/93430537.cms">PV Sindhu wins India’s 19th gold at the Commonwealth Games 2022 - Here are the other gold medal winners</a>

How Russia-Ukraine war helped this Thane-based company become a multibagger

Top stocks: Here’s what the Big Boys bought between October and December

Benchmark equity indices <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> declined nearly 1 per cent on Thursday, continuing their falling streak for the fifth day running due to <keyword id="19931546" type="General" weightage="20" keywordseo="profit-booking" source="keywords">profit booking</keyword> amid monthly expiry in the derivatives segment. The 30-share BSE Sensex plunged by 617.30 points or 0.83 per cent to settle at 73,885.60. The barometer hit the day's low of 73,668.73 due to selling in blue-chips. The NSE Nifty dropped by 216.05 points or 0.95 per cent to close at 22,488.65. Benchmark indices closed at lifetime high levels on May 23 which triggered profit-taking amid growing nervousness among investors ahead of the results of the Lok Sabha polls on June 4. Since then, Nifty and Sensex have declined around 2 per cent in the five straight sessions. "The benchmark index is taking cues from the US market as treasury yields continue to climb following the stickiness of global inflation, delaying the central bank's interest rates cut policy," Vinod Nair, Head of Research at Geojit Financial Services, said. From the Sensex pack, Tata Steel, Titan, Tech Mahindra, Wipro, Bajaj Finserv, Bajaj Finance, Nestle India, Tata Motors and JSW Steel were the biggest laggards. ICICI Bank, Axis Bank, HDFC Bank, State Bank of India and Kotak Mahindra Bank were the gainers. "Meanwhile, the broader market continued the weak trend, led by profit booking, due to feeble closing of monthly expiry owing to lack of interest to hold short-term positions, as exit poll is slated in the weekend," Nair said. In Asian markets, Seoul, Tokyo, Hong Kong and Shanghai settled lower. European markets were trading with gains, while US markets ended in the negative territory on Wednesday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,841.84 crore on Wednesday, according to exchange data. The last phase of polling is scheduled for June 1. The results of the ongoing general elections will be declared on June 4. Global oil benchmark Brent Crude fell 0.41 per cent to USD 83.19 a barrel. On Wednesday, the 30-share BSE Sensex declined 667.55 points or 0.89 per cent to settle at 74,502.90. The NSE Nifty dropped 183.45 points or 0.80 per cent to close at 22,704.70.

Stock markets fall for 5th day; Sensex plunges 617 points

<ul><li>In Q2 FY23, Tata Steel, HUL, Bharat Electronics, ITC, Zomato were among the highest-bought stocks in the <keyword id="725142" type="General" weightage="100" keywordseo="fpi" source="Orion">FPI</keyword> list.</li><li>Shares of index heavyweights like Reliance Industries, the top four IT giants and Kotak Mahindra Bank witnessed heavy selling by FPIs during the September quarter.</li><li>FPI flows more than halved in the September quarter, which saw an infusion of ₹48,570 crore compared to ₹1.07 lakh crore in the previous quarter of June.</li><li>Further, analysts believe buying will accelerate when the dollar index – currently at 106 – falls below 103, and there is a cool off in crude oil prices and treasury yields.</li></ul>Foreign capital flows into Indian equities remain volatile, even though India has outperformed most other peers for a large part of this year. Foreign investors are largely betting on defensive stocks and those that are attractively valued. Some of their favourite stocks in the September quarter were Zomato, Hindustan Unilever, ITC and Tata Steel. However, they continued to sell index heavyweights during the same period. Despite a revival in portfolio flows in July and August, foreign portfolio investor (FPI) inflows more than halved in the September quarter – investment dropped to ₹48,570 crore from ₹1.07 lakh crore in the previous quarter, shows data from Prime Database Group. This resulted in the share of FPI holdings in the market declining to a 10-year low of 19.03% as on September 30, 2022, down by 17 basis points from 19.20% as on June 30, 2022. “This further showcases the rise of domestic investors and the huge counter-balancing role they have played to foreign investors. To also put this in perspective, as on March 31, 2015, FPI share was 23.30% while the combined share of DII (domestic institutional investors), retail and HNI (high networth individuals) was just 18.47%,” said Pranav Haldea, MD at Prime Database Group. Keeping aside the first half of November when FPIs poured in ₹28,888 crore, they have been selling aggressively in the last couple of months because of macro concerns and weak inflation data in India. “<keyword id="6368141" type="General" weightage="20" keywordseo="fiis" source="Orion">FIIs</keyword> sold heavily in the September quarter because they were not expecting inflation to come down. Also the dollar index was rising. However, now, with positive data coming in, FIIs have bought a good amount of equities in November so far. In the near future, the street is expecting inflation in the US to come down,” Shrikant Chouhan, head of equity research (retail) at Kotak Securities told Business Insider India. Chouhan sees FIIs buying internet and software-based companies where earnings have come in strong. Also, “BFSI, capital goods and real estate are prime sectors where they are focusing and which will witness inflows in next six months,” said Chouhan. In Q2 FY23, Tata Steel, Bharat Electronics, ITC, Zomato were among the highest-bought stocks in the FPI list. Companies that saw the highest buying by FPIs in September quarter <div type="image" title="FPI buys 2" height="900" width="1200" msid="95580439" hostid="261"></div> Food delivery company Zomato, which debuted in the secondary market in July 2021, is also among FII favourites. FPIs bought shares of Zomato worth ₹8,057 crore during the quarter. Note that the company has erased 51% of its share value so far in 2022 due to constant losses. “They are also buying companies where valuation is comfortable and where downside is protected like Zomato,” said Chouhan. Further, analysts believe buying will accelerate when the dollar index – currently at 106 – falls below 103, and there is a cool off in crude oil prices and treasury yields. “Real buying will come when the dollar index is trading below 103, if Brent crude starts below $90 and 10-year treasury falls below 3.50%,” said Chouhan. Shares of index heavyweights like Reliance Industries, the top four IT giants and Kotak Mahindra Bank witnessed heavy selling by FPIs during the September quarter. Heavy sell off in these top IT companies have led to a correction of 10-40% in these stocks this year. Companies that saw the highest selling by FPIs in July-September <div type="image" title="fpi sale 2" height="900" width="1200" msid="95580521" hostid="261"></div> There were 11 companies in which promoters, FPIs and DIIs have increased their stakes during the quarter, these stocks were – Astral, Uno Minda, Atul, Maharashtra Seamless, Share India Securities, Mirza International, Sarda Energy &amp; Minerals, Meghmani Organics, Mrs.Bectors Food Specialities, NCL Industries and Poddar Housing &amp; Development. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/whenever-small-caps-trade-at-a-discount-to-nifty-they-have-given-outsized-returns-incred-wealth/articleshow/95536784.cms">Whenever small caps trade at a discount to Nifty, they have given outsized returns: InCred Wealth</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/buy-on-dips-say-analysts-as-indian-markets-bounce-back-smartly-in-october/articleshow/95454116.cms">Buy on dips, say analysts, as Indian markets bounce back smartly in October</a>

These stocks are hot favourites of FPIs even as they sell index heavyweights

<keyword id="19949641" type="General" weightage="100" keywordseo="equity-markets" source="keywords">Equity markets</keyword> may witness a gradual up-move this week with some volatility as both election and <keyword id="20034955" type="General" weightage="20" keywordseo="earnings-season" source="keywords">earnings season</keyword> are nearing their end, analysts said. They added that global trends and trading activity of <keyword id="19900795" type="General" weightage="20" keywordseo="foreign-investors" source="keywords">foreign investors</keyword> would hold significance in dictating investors' sentiment. <keyword id="446887" type="General" weightage="20" keywordseo="Benchmark-indices" source="Orion">Benchmark indices</keyword>, which had a <keyword id="21811039" type="General" weightage="20" keywordseo="record-breaking-rally" source="Orion">record-breaking rally</keyword> last week, would also track global oil benchmark Brent crude and the <keyword id="21811038" type="General" weightage="20" keywordseo="rupee-dollar-trend" source="keywords">rupee-dollar trend</keyword>. The monthly derivatives expiry on Thursday may also fuel volatility in markets. "We have reached the final curtain for the Q4 earnings season. Many companies, including names like Tata Steel, will release their financial results this week. Positive earnings from the final quarter could provide strength to the market to continue its bullish momentum. "We are very close to the Lok Sabha election results, and the election verdict will give a boost to FII flows," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. The results of the ongoing general elections will be declared on June 4. On the global front, the upcoming economic data from Japan and the US, along with movement in the global currency market, will also be important factors to consider, he added. This week, attention will remain on elections, <keyword id="20014816" type="General" weightage="20" keywordseo="global-cues" source="keywords">global cues</keyword>, and the final phase of the earnings season, Ajit Mishra, SVP, Research, Religare Broking Ltd, said. On the March quarter results front, LIC, NMDC, IRCTC, and MMTC will announce their earnings this week. "Overall, we expect the market to witness a gradual up-move and see some volatility this week as both election and earnings season are nearing the end," said Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services Ltd. From the domestic macroeconomic data, GDP growth rate for the January-March quarter of FY24 will be announced on Friday. Last week, the BSE benchmark zoomed 1,404.45 points, or 1.89 per cent, while the NSE Nifty climbed 455.1 points, or 2 per cent. The 30-share BSE Sensex hit its all-time intra-day high of 75,636.50 on Friday. The NSE Nifty breached the 23,000 mark for the first time on that day. During the day, the benchmark hit its lifetime peak of 23,026.40. "The domestic market is reaching new highs, with largecaps playing second fiddle to the broader market rally, indicating sustained momentum in the short-term," Vinod Nair, Head of Research, Geojit Financial Services, said.

Equity markets to track global cues; may witness gradual up-move ahead of Lok Sabha poll results: Analysts

<ul><li>Foreign institutional investors (<keyword id="46756" type="General" weightage="80" keywordseo="fii" source="Orion">FII</keyword>) buying helped the benchmark indices stage a recovery in May – while Nifty50 rose 2.6%, Sensex gained 2.5%.</li><li>The last time FIIs bought more <keyword id="115551" type="General" weightage="20" keywordseo="indian-equities" source="Orion">Indian equities</keyword> than in May was back in February 2021, when they invested ₹42,044 crore.</li><li><keyword id="725142" type="General" weightage="80" keywordseo="fpi" source="Orion">FPI</keyword> inflows also accelerated strongly in May, with net investments in equities at ₹43,838 crore, the highest in the last 9 months.</li></ul>Foreign institutional investors (FIIs) pumped ₹27,856 crore into Indian equities in May, the highest in the last 27 months. FIIs continued to build on the momentum since March, emerging as net buyers for the third consecutive month. Foreign portfolio investor (FPI) inflows also rose to 9-month highs in May. The last time FIIs bought more Indian equities than in May was back in February 2021, when they invested ₹42,044 crore. Robust FII buying helped the benchmark indices stage a recovery after remaining volatile earlier this year. While the Nifty50 index rose 2.6% in May, the Sensex closed the month with gains of 2.5%. All in all, the gains of May helped both the indices wipe out their losses in 2023 so far. As a result, the Nifty50 is now up 1.6% year-to-date, while the Sensex is up 2.1%. The high interest from FIIs was also mirrored in purchases by FPIs – net FPI inflows in Indian equities stood at ₹43,838 crore, the highest since August 2022. FIIs are a subset of FPIs. The FPI category consists of FIIs, qualified foreign investors (QFIs) and other miscellaneous investment entities. FIIs comprise pension funds, mutual funds, insurance companies and investment banks, among other entities. Unlike spurts of large inflows from FPIs last month, FII flows remained consistent throughout the month, with inflows of ₹1,266 crore a day on average. <div type="image" title="FII flows Mar-21 to May-23." msid="100693750" hostid="261" caption="&amp;lt;p&amp;gt;FII inflows have hit the highest in 27 months in May&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="FPI flows see strong acceleration as well" comment="subhead" text="FPI flows see strong acceleration as well">FPI flows see strong acceleration as well</cmsannotation> FPI inflows also accelerated strongly in May, with net investments in equities at ₹43,838 crore, the highest in the last 9 months. The last time FPIs pumped in more money was back in August 2022, at ₹51,204 crore. In the past 3 months, FPIs have consistently accelerated their investments in Indian equities, pumping in ₹64,408 crore in total. This has helped FPIs turn net buyers in 2023 so far, at ₹30,262 crore. Going forward, FPI flows are likely to remain positive, according to VK Vijayakumar, chief investment strategist, Geojit Financial Services. “India’s current account deficit is declining and if this trend continues, the rupee may appreciate further. FPIs are likely to bring more inflows into India in this context,” he said. <cmsannotation type="cmsannotation" annotationid="Nifty headed for lifetime highs in June" comment="subhead" text="Nifty headed for lifetime highs in June">Nifty headed for lifetime highs in June</cmsannotation> Thanks to strong buying by foreign investors, the benchmark<a href="https://www.businessinsider.in/stock-market/news/these-midcaps-smallcaps-and-financial-stocks-are-likely-to-outperform-in-june-as-per-analysts/articleshow/100619640.cms"> Nifty50 index is headed for its lifetime high in June</a>, according to analysts at ICICI Direct. “Going ahead, we expect the index to resolve out of the intermediate hurdle of 18,500 and challenge the lifetime high of 18,900 in the coming month,” said a report by ICICI Direct. The brokerage said that midcaps, smallcaps and financial stocks are likely to drive the rally. In the medium term, the brokerage recommends investors capitalise on dips to make the most of the uptrend. A<a href="https://www.businessinsider.in/stock-market/news/buy-on-dips-say-analysts-as-indian-markets-bounce-back-smartly-in-october/articleshow/95454116.cms"> ‘buy on dips’ strategy</a> is when investors look for short-term declines in share price to invest in the stock, with the belief that it will go up in the longer term. “We expect broader markets to accelerate upward momentum fuelled by 18 month’s consolidation breakout in the Nifty Midcap index. Hence, dips should be capitalised on to build a portfolio from a medium-term perspective,” ICICI Direct said. Vijayakumar echoes similar sentiments regarding Nifty50 touching a new record high adding that the FPI flows are likely to continue supporting the market. SEE ALSO: <a href="https://www.businessinsider.in/india/news/how-india-has-transformed-in-the-last-10-years-according-to-morgan-stanley/slidelist/100671078.cms">India’s top 10 transformation moves in the last decade according to Morgan Stanley</a> <a href="https://www.businessinsider.in/business/corporates/news/adani-hindenburg-effect-sebi-wants-high-risk-fpis-with-concentrated-holdings-to-make-additional-disclosures/articleshow/100640987.cms">Adani-Hindenburg effect: SEBI wants ‘high risk’ FPIs with concentrated holdings to make additional disclosures</a> <a href="https://www.businessinsider.in/business/corporates/news/4-out-of-10-adani-group-companies-report-a-fall-in-profit-in-fy23/slidelist/100645410.cms">Here’s how the Adani group companies fared in FY23</a>

Dalal Street sees 27-month high inflows from FIIs in May

<ul><li><keyword id="19900617" type="General" weightage="20" keywordseo="Stock-markets" source="keywords">Stock markets</keyword> rebounded on Thursday with benchmark <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> closing higher by 128 points.</li><li>record GST collections in April, positive <keyword id="21162010" type="General" weightage="20" keywordseo="manufacturing-data" source="keywords">manufacturing data</keyword>, and foreign fund inflows boosted investor sentiment.</li><li>Power Grid, Asian Paints, Tata Motors, Tata Steel, NTPC, Sun Pharma, M&amp;M, HDFC Bank, TCS and JSW Steel were among the major gainers.</li></ul>Stock markets rebounded on Thursday with benchmark Sensex closing higher by 128 points as record GST collections in April, positive manufacturing data, and foreign fund inflows boosted investor sentiment. The 30-share <keyword id="19895774" type="General" weightage="20" keywordseo="BSE" source="keywords">BSE</keyword> Sensex climbed 128.33 points or 0.17 per cent to settle at 74,611.11 in a restricted trade. During the day, the index rose by 329.65 points or 0.44 per cent to a high of 74,812.43. The NSE <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> rose by 43.35 points or 0.19 per cent to 22,648.20 as 29 of its constituents advanced and 21 declined. From the Sensex basket, Power Grid, Asian Paints, Tata Motors, Tata Steel, NTPC, Sun Pharma, Mahindra &amp; Mahindra, HDFC Bank, Tata Consultancy Services and JSW Steel were among the major gainers. Kotak Mahindra Bank was the biggest loser, dropping 2.95 per cent after the bank announced the exit of its joint managing director KVS Manian. ICICI Bank dropped a little over 1 per cent. India's second-largest private lender rejected a media report that suggested that its MD and CEO was willing to step down. Bharti Airtel, Axis Bank, Wipro and IndusInd Bank were among the laggards. "Benchmark indices saw moderate gains, mirroring global trends after the US FED decided to maintain its interest rate, as widely accepted. The US central bank hinted at potential rate cuts while remaining cautious about sustaining the high inflation trend," Vinod Nair, Head of Research, Geojit Financial Services said. The broader market largely traded range-bound, while positive commentary from the auto companies on recent volume numbers led the sector to outperform, Nair added. Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the Finance Ministry said on Wednesday. "Trading in the markets remained lacklustre, closing marginally higher amid a blend of signals. The Nifty commenced positively but remained confined to a narrow range throughout the day, eventually settling at 22,648.20 on the weekly expiry day. Global cues presented a mixed picture, contributing to subdued sentiment, albeit with an overall positive undertone," said Ajit Mishra – SVP, Research, Religare Broking Ltd. In the broader market, the BSE midcap gauge climbed 0.91 per cent and smallcap index advanced 0.29 per cent. Among the indices, utilities rallied by 1.49 per cent, power by 1.47 per cent, services by 1.24 per cent, auto by 1.17 per cent, metal by 1.03 per cent, consumer discretionary by 0.82 per cent, energy by 0.61 per cent and healthcare by 0.31 per cent. Teck, realty, telecommunication and bankex were the laggards. India's manufacturing sector activity moderated in April but still recorded the second fastest improvement in operating conditions in three-and-a-half years supported by buoyant demand, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 59.1 in March to 58.8 in April, signalling the second-best improvement in the health of the sector for three-and-a-half years. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction. In Asian markets, Hong Kong settled with gains while Seoul, Tokyo and Shanghai ended lower. European markets were trading on a mixed note. Wall Street ended mixed on Wednesday. Global oil benchmark Brent crude climbed 1.02 per cent to USD 84.29 a barrel. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,071.93 crore on Tuesday, according to exchange data. Domestic equity markets were closed on Wednesday on account of Maharashtra Day. Snapping its two-day winning run, the BSE benchmark declined 188.50 points or 0.25 per cent to settle at 74,482.78 on Tuesday. The NSE Nifty dipped 38.55 points or 0.17 per cent to finish at 22,604.85. SEE ALSO:<a href="https://www.businessinsider.in/sports/webstories/india-t20-world-cup-squad-kulcha-back-on-menu-kl-rahul-dropped/slidelist/109730805.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/india-t20-world-cup-squad-kulcha-back-on-menu-kl-rahul-dropped/slidelist/109730805.cms" target="_blank">India T20 World Cup squad: KulCha back on menu, KL Rahul dropped</a><a href="https://www.businessinsider.in/business/auto/news/april-auto-sales-hyundai-continues-to-hold-the-second-position-as-tata-motors-inches-closer/articleshow/109777834.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/april-auto-sales-hyundai-continues-to-hold-the-second-position-as-tata-motors-inches-closer/articleshow/109777834.cms" target="_blank">April auto sales – Hyundai continues to hold the second position as Tata Motors inches closer</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-may-2024/slidelist/109723620.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-and-two-wheelers-launching-in-india-in-may-2024/slidelist/109723620.cms" target="_blank">Upcoming cars and two-wheelers launching in India in May 2024</a>

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