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Foreign investors have withdrawn nearly Rs 20,000 crore from Indian stock markets in just five trading days (November 4–8), continuing a trend of large-scale selling that began last month. Experts say investors are now moving their money to China, largely due to the high valuations presently prevailing in Indian markets. In early November, FPIs have offloaded as much as Rs 19,994 crore in Indian markets. The month prior, i.e., October, was one of the worst months in terms of foreign outflows, with FPIs making a net withdrawal of Rs 94,017 crore. Before this, Indian markets faced such a situation during the pandemic, when FPIs withdrew Rs 61,973 crore from equities in March 2020. <h2>Why Are Investors Leaving? </h2>According to Himanshu Srivastava of Morningstar Investment Research India, two main factors are driving this exodus. First is China's renewed appeal due to lower stock valuations and new economic stimulus measures. In a bid to nudge the domestic economy and bail state governments, China recently approved a 10-trillion yuan (US $1.4 trillion) package. Per reports, approximately 60% of this stimulus focuses on allowing local governments to refinance the mountain of debt on them. Srivastava explains foreign investors are also flocking to US dollar and Treasury yields, which have appreciated significantly in the recent past, leading FPIs to anticipate a stronger US economy going ahead. Moreover, high valuations in Indian markets are discouraging foreign investors from putting more money in the economy. As a result, over the past week, the selling pressure eroded Rs 74,563 crore in market value for Reliance Industries, while Bharti Airtel and ICICI Bank lost Rs 26,274 crore and Rs 22,254 crore, respectively. The combined market valuation of six of the top 10 most-valued firms dipped by Rs 1,55,721.12 crore last week. <h2> Silver linings</h2>Despite the ongoing outflux of funds since last month, November also saw unprecedented applications of about 40–50 new FPI registrations, which are eyeing to enter the Indian market. This was due to markets SEBIs recent relaxation to NRIs, permitting them to participate up to 100% and announcing measures for ease of entry and operations in India. On the other hand, FPIs invested Rs 599 crore in the debt general limit and Rs 2,896 crore in the debt voluntary retention route (VRR) during the period under review. So far this year, FPIs have invested Rs 1.06 lakh crore in the debt market. <li class="whitespace-normal break-words"></li>Going ahead, investors will be looking for certain macroeconomic cues, which include corporate earnings reports, India's inflation (CPI) and industrial production (IIP) data on November 12, the US inflation report on November 13, and wholesale price index (WPI) data on November 14.

FPIs withdraw nearly Rs 20,000 crore from equities in the last 5 trading sessions, make a beeline for China and US

<ul class="summary-list"><li>US stocks fell sharply on Friday after a weak August jobs report raised recession fears.</li><li>The S&amp;P 500 had its worst week since March 2023, dropping about 4%.</li></ul>US stocks declined sharply on Friday after a weaker-than-expected August jobs report <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/recession-indicator-perfect-track-record-flashes-yield-curve-spread-disinversion-2024-9">set off fresh fears about a recession.</a>The <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> closed out its worst week since March 2023, dropping about 4% in the week, while the <a target="_blank" class="" href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a> dropped nearly 6%.The <a target="_blank" class="" href="https://www.businessinsider.com/stock-market-today-august-jobs-report-miss-big-rate-cut-2024-9">US economy added 142,000 jobs in August,</a> below the average economist estimate of 164,000. The unemployment rate fell to 4.2% from 4.3%.While the jobs report wasn't as jarring as the July reading, which saw the unemployment rate unexpectedly jump, it affirmed the cooldown of the labor market and the need for the Federal Reserve to cut interest rates at its September 18 policy meeting.New York Fed President John Williams said <a target="_blank" class="" href="https://www.businessinsider.com/august-jobs-report-new-york-federal-reserve-unemployment-economy-outlook-2024-9">now is the time to cut rates in a speech on Friday.</a>"It is now appropriate to dial down the degree of restrictiveness in the stance of policy by reducing the target range for the federal funds rate," Williams said.The market expects a 25 basis point interest rate cut from the Fed later this month, according to the CME FedWatch Tool. It was see-sawing between 25 and 50-basis points earlier the day.The August report decisively shows how the US job market has weakened in recent months, with the three-month moving average of monthly job gains dropping from just under 270,000 in March to just over 110,000 in August.JPMorgan wrote following the report that the data points to the "waning vigor" of the labor market and should prompt a larger, 50 basis point cut from the Fed at its upcoming meeting. But the stock market weakness in the past week is typical, according to Fundstrat's Tom Lee, who believes that this decline <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-buy-the-dip-september-selloff-bull-rally-2024-9">is right on time based on weak September seasonality.</a>"Even if we are cautious about the next 8 weeks, to us, stocks are at the lower end of the range, and we see more upside than downside," Lee told clients in a note on Friday.Analysts at Ned Davis Research echoed the sentiment, noting that the September sell-off is <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-buy-the-dip-september-selloff-bull-rally-2024-9">ultimately a buying opportunity</a> as the stock market approaches its best three-month stretch of the year, Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,408.42, down 1.73% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,345.41, down 1.01% (-410.34 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 16,690.83, down 2.55%</li></ul>Here's what else happened today:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/steve-eisman-economy-outlook-financial-crisis-tech-bubble-artificial-intelligence-2024-9">'Big Short' investor Steve Eisman explains why he refuses to predict another financial crisis.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/apple-stock-price-prediction-iphone-16-event-next-week-surprise-2024-9">Apple could unveil four upside surprises when it announces its iPhone 16 lineup next week, according to Goldman Sachs.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/elizabeth-warren-backs-justice-department-nvidia-antitrust-investigation-2024-9">Senator Elizabeth Warren backs the DOJ's investigation into Nvidia antitrust allegations.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/top-10-most-valuable-nfl-football-teams-include-dallas-cowboys-2024-9">The top 10 NFL football teams are worth a combined $78 billion, according to CNBC.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil decreased 1.55% to $68.08 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, fell 1.83% to $71.36 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was down 0.82% to $2,522.20 an ounce.</li><li>The 10-year Treasury yield was down one basis point to 3.719%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> dropped 4.48% to $53,651.</li></ul>

Stock market today: Stocks notch worst weekly decline since March 2023 after August jobs report

<ul class="summary-list"><li>Indexes fell Thursday as investors wait for comments from Fed Chair Jerome Powell at Jackson Hole. </li><li>Investors are eager for any indication of how steep cuts will be through the rest of this year. </li></ul>Indexes ended lower Thursday as investors awaited comments from Federal Reserve Chair Jerome Powell at the Federal Reserve's Jackson Hole conference on Friday. The S&amp;P 500 and the Dow Jones Industrial Average closed slightly lower, though the Nasdaq Composite logged a bigger drop of 1.6%. Treasury yields spiked, with the 10-year bond yield up eight basis points 3.863%Investors are eager for any indication of how steep cuts will be, with markets pricing in 100% odds the Fed starts loosening monetary policy at next month's FOMC meeting. The Fed's July meeting <a target="_blank" href="https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20240731.pdf">minutes</a>, released Wednesday, said "the vast majority" of officials said a September ease in policy would "likely be appropriate" if economic data continues "to come in about as expected."According to the CME FedWatch tool, investors see a 25 basis point cut as a near certainty next month, with smaller odds of a 50 basis point cut.In a note on Thursday, <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/jerome-powell-surprise-stock-market-jackson-hole-speech-preview-2024-8">Goldman Sachs analysts said</a> there are still a number of ways Powell could surprise markets, with either a more hawkish or dovish message possible from the Fed chief. "Possible dovish surprises could include a more concerned take on the labor market or any suggestion that the high level of the fed funds rate is inappropriate in light of the progress made on inflation," David Mericle, a Goldman economist, said. Markets were also digesting new jobless claims data, which showed applications for unemployment benefits rose slightly, to 232,000. The rise comes on the heels of two weeks of declining claims following the weak July jobs report, which sparked fears of a recession earlier this month. The report also follows revised jobs data from Wednesday, which showed the US added 818,000 fewer jobs between April 2023 and March 2024 compared to initial reports.Other data released Thursday showed a 1.3% increase in sales of existing homes in July compared to June. The data, released by the National Association of Realtors on Thursday, falls short of economist estimates of 1.5%, according to a Wall Street Journal survey.The data showed that the median price of existing homes fell to $422,600 in July, down from a record high of $426,900 in June.Here's where US indexes stood at the 4 p.m. closing bell on Thursday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,570.64, down 0.89% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,712.78, down 0.43% (-177.71 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,619.35, down 1.67%</li></ul>Here's what else happened today:<ul><li>A small mining firm just saw its stock <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/lucara-stock-price-soars-mining-firm-discovers-2nd-largest-diamond-2024-8">surge 91%</a> after it discovered the world's 2nd-largest diamond.</li><li>A small Kansas bank was <a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/crypto-scam-kansas-bank-pig-butchering-jail-prison-embezzlement-fraud-2024-8">forced to close last year</a> after its owner sent $47 million to scammers, believing he was investing it in legitimate cryptocurrencies.</li><li>Mongolia won't fund a <a target="_blank" href="https://markets.businessinsider.com/news/commodities/russia-china-gas-trade-siberia-pipeline-mongolia-western-sanctions-war-2024-8">natural gas pipeline between Russia and China</a> for at least the next four years.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil rose 1.3% to $72.92 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, rose 1.4% to $77.09 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> traded higher at $2,463.30.</li><li>The 10-year Treasury yield was up eight basis points to 3.863%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> was down 2% to $60,413.</li></ul>

Stock market today: Stocks end lower as markets brace for Powell's Jackson Hole speech

<ul class="summary-list"><li>Trades on Thursday were trying to reverse three days of declines for the S&amp;P 500 and the Dow.</li><li>A rise in tech stocks fueled the indexes higher after Tesla reported strong earnings.</li></ul>US stocks were mixed Thursday morning, as the market tried to break out of a three-day slump following this week's bond sell-off. The S&amp;P 500 was up in early trades, though the Dow Jones Industrial Average lost over 100 points shortly after the opening bell. Major indexes have struggled this week as <a target="_blank" class="" href="https://markets.businessinsider.com/news/bonds/treasury-yields-bonds-interest-rates-economy-inflation-election-labor-market-2024-10">bonds sold off</a> and yields spiked. Traders have been adjusting their expectations for interest rate cuts. Yields edged lower on Thursday, with the 10-year Treasury bond yield down one basis point to 4.232%A rise in tech stocks fueled the Nasdaq higher as Tesla reported <a target="_blank" class="" href="https://www.businessinsider.com/tesla-stock-tsla-earnings-call-report-live-updates-2024-10?_gl=1*1b1iqo9*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTcyOTc3NDk1OC4zMDguMS4xNzI5Nzc1Nzk4LjYwLjAuMA..#wedbush-analyst-dan-ives-sticks-with-bullish-view-on-tesla-despite-recent-volatility?utm_medium=ingest&amp;utm_source=markets">strong earnings</a> after market closed on Wednesday. The carmaker reported earnings per share of $0.62, easily beating analysts' expectations of $0.51, and announced that its <a target="_blank" rel="" class="" href="https://www.businessinsider.com/tesla-cybertruck-profit-2024-10">Cybertruck has reached profitability</a>. Its revenue, though, came in below slightly estimates."Plans for new vehicles, including more affordable models, remain on track for the start of production in the first half of 2025," the company said.Tesla stock surged 17% after the opening bell to trade at $250.30 a share. Meanwhile, jobless claims last week fell unexpectedly to 227,000, a drop of 15,000 from the week before. That number comes in below consensus estimates of 242,000.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Thursday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,810.04, up 0.22% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,394.72, down 0.28% (-120.23 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,383.49, up 0.56% </li></ul>Here's what else is going on Thursday:<ul><li>The <a target="_blank" class="" href="https://markets.businessinsider.com/news/bonds/treasury-yields-bonds-interest-rates-economy-inflation-election-labor-market-2024-10">bond market is selling off</a> as traders reassess the path of the Federal Reserve's rate cut, with higher chances of rates remaining unchanged.</li><li>Investors' exposure to the S&amp;P 500 is the highest since mid-2023 in a signal that's <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-warning-signs-investor-exposure-sp500-nasdaq-citi-2024-10">previously preceded a 10% slump</a>, Citi says.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/apple-stock-price-tumbles-analyst-says-iphone-16-orders-slashed-2024-10">Apple stock tumbles</a> after analyst says iPhone 16 orders cut by 10 million units, sees "no evidence" of AI boosting demand.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures were up. <a target="_blank" class="" href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> rose 1% to $71.39 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, climbed 1% to $75.68 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> rose almost 1% to $2,753 an ounce.</li><li>The 10-year Treasury yield fell one basis point to 4.323%.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was up 1.4% to $66,707.</li></ul>

Stock market today: Indexes trade mixed as traders look to break out of 3-day slump 

<ul class="summary-list"><li>Investors' exposure to the S&amp;P 500 is the highest since mid-2023, Citi strategists said.</li><li>They said that level of exposure at that time was followed by a 10% slide in the following months. </li></ul>The market is flashing warning signs of a possible stock slump as S&amp;P 500 exposure rises, Citi says.The strategists said S&amp;P 500 long positions are now at their highest level since mid-2023. At that time, that level of exposure to the benchmark index was followed by a slide of over 10% in the next three months. "We're not suggesting investors should start to reduce exposure, but the positioning risks do rise when markets get extended like this," the strategists, led by Chris Montagu, said in a Monday note.The uptick in S&amp;P 500 positioning comes as the index has risen almost 23% this year. The analysts attribute that bullishness to hopes for a <a target="_blank" class="" href="https://www.businessinsider.com/us-soft-landing-fed-rate-cuts-economy-outlook-roger-altman-2024-9">soft landing</a> for the economy, plus a positive wave of third-quarter earnings so far."Bullish momentum continues for US markets, but particularly so for the broader S&amp;P 500. This evidenced by the continuation of new longs and, to a lesser extent, the covering of shorts," the analysts said."The continued 'soft landing' narrative combined with a (so far) solid reporting season has no doubt supported this momentum despite the uncertainty of the US election next month," they added.The analysts acknowledge that compared to the high positioning levels of mid-2023, the current levels investors aren't as stretched as they were back then, with less at risk compared to the last time S&amp;P 500 exposure had risen as high. "Current P&amp;L, while positive, is by no means stretched, suggesting less capital at risk and therefore less motivation to cover if markets pull-back," they said.The analysts add that as S&amp;P 500 positioning has risen, positioning in the Nasdaq remains comparably low. "S&amp;P positioning has become even more stretched and has now topped 3-year highs. Investor conviction for the Nasdaq continues to be low with net positioning at neutral. A common feature for both markets is that 100% of the short positions are out of the money, providing potential short-term upside risk if markets continue to drift higher and shorters have to cover," they said.

The stock market is flashing a signal that's previously preceded a 10% slump, Citi says

<ul class="summary-list"><li>The stock market has surged since October 2022, with major indexes posting strong gains.</li><li>With the bull market in stocks now two years old, investors are wondering how long the rally can last.</li></ul>The stock market bottomed on October 12, 2022, marking two years since the start of the ongoing bull rally. Since then, the <a target="_blank" class="" href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a>, <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a>, and <a target="_blank" class="" href="https://markets.businessinsider.com/index/dow_jones">Dow Jones Industrial Average</a> have posted impressive gains of 88%, 62%, and 46%, respectively.A <a target="_blank" class="" href="https://www.businessinsider.com/recession-outlook-economy-goldman-unemployment-jobs-report-nonfarm-payrolls-rates-2024-10">resilient job market,</a> lower inflation, and continued corporate earnings growth helped push the stock market higher over the past two years.So, what's in store for the bull market from here?Here's what market experts told Business Insider about what history says about the bull market's future as it enters its third year. <h2 id="87e38ea9-e2ca-4929-9a94-031a99caf946">Freedom Capital Markets, Jay Woods</h2>Chief global strategist Jay Woods of Freedom Capital Markets said what's most telling about the current bull market is that very few believed in it in the beginning."I think it's important to preface it with when it started, no one believed it. They just thought it was a bear market rally. And then they doubted that it had legs, and then it was just seven stocks," Woods told Business Insider.He added: "And now, all of a sudden, it is powerful. And I think the momentum is continuing. You got the rate cycle, you got broadening out, we have wind at our sails, and this bull market should last at least another 12, maybe 18 months."Woods said he is encouraged that market leadership is diverse and no longer concentrated in mega-cap technology companies. A recent example is the rotation into utility stocks, which have surged on the AI power demand narrative.A common Wall Street expression is "rotation is the lifeblood of a bull market," and that appears to be playing out."It's good to look back and celebrate two years, but it still feels like the party is just beginning," Woods said.<h2 id="2275e95f-cb77-497d-97ee-938609a82fa6">Carson Group, Ryan Detrick</h2>According to Carson Group chief market strategist Ryan Detrick, the bull market in stocks is still young."Although many might think this bull market has gone too far and is getting old, that isn't the case at all. If you look back at history, bull markets last more than five years on average, making this one at two years actually young," Detrick told Business Insider.Detrick said that while he sees more gains ahead, he doesn't expect another big year for returns like in 2023 and so far in 2024, with the S&amp;P 500 delivering gains of 24% and 22%, respectively.Instead, Detrick said that the average gain of a bull market in year three is about 8%, which is right around the average annual return for stocks."All in all, we expect stocks to be up at least low double digits over the next year," Detrick said.<h2 id="71148928-7cd9-413b-8146-f7a06f2d41cb">Baird, Ross Mayfield</h2>Baird investment strategist Ross Mayfield said the third year of this current bull rally could deliver stronger returns than history suggests because the first two years of the bull delivered underwhelming performance relative to history."The first two years of this bull market have been somewhat muted vs. historical standards, so there is ample opportunity for outperformance of the typical year 3 performance," Mayfield told Business Insider.Mayfield also echoed Detrick's sentiment that the average bull market is over five years long, so he thinks "there is plenty of room to run.""It would not be surprising if year three of the bull market outperformed the typical year three given the rates backdrop, expected earnings growth, and tepid investor sentiment," Mayfield said.<h2 id="d92eafcb-b184-4d6f-927a-142734817da9">US Bank Asset Management, Rob Haworth</h2>Investment strategist Rob Haworth of US Bank Asset Management believes the S&amp;P 500 could surge to 6,480 in its third year of the bull market, representing potential upside of 12%.Haworth's bullish view is backed by what really drives stock prices higher: earnings growth."The key forward metric for market returns remains the pace of earnings growth," Haworth told Business Insider. "As we look ahead, we still see a constructive path."Haworth expects the S&amp;P 500 to deliver $270 in earnings per share next year, representing about 13% growth from 2024 consensus levels."Lower interest rates from the Federal Reserve and soft or no-landing economic scenarios are helping lift growth into next year, supporting further equity market gains," Haworth said.

The stock market's bull rally is 2 years old. Here's what tends to happen next. 

Shares of <keyword id="19956271" type="General" weightage="100" keywordseo="Ola-Electric-Mobility" source="keywords">Ola Electric Mobility</keyword> were in a freefall today, tanking about 4.55% on the NSE and 4.88% on BSE. Today also marked 30 days since the company was listed on the bourses (August 9th), bringing down shutters on the one-month lock-in window anchor investors are mandated to hold stocks for, before deciding to offload 50% of shareholding. Around 18.18 crore shares, or about 4% of company's outstanding shares were eligible for trading in the market post the 30-day lock-in, which hurtled Ola's stock towards Rs 100. While the stock managed to gain some ground later in the day, and was trading at Rs 114.10 when the markets closed today, slightly up from its intraday low of Rs 109. However, it still remained a far cry from its all-time high price of Rs 157.4, which it had hit on August 20th, 2024. Ola Electric, which currently dominates the Indian EV space, debuted on stock exchanges last month, and was looking to raise Rs 6,145.56 crore via fresh issue, along with an OFS (offer for sale) of 8.49 crore equity shares. The IPO was oversubscribed by around 4x. Going ahead, the Bhavish Aggarwal-led startup is also set to face intense competition from fellow EV maker Ather Energy. With its IPO set to hit the markets soo, Ather is looking to raise Rs 3,100 crore via fresh issue, and an OFS of about 2.2 crore equity shares. Per the DRHP (draft red herring prospectus) filed by Ather, its net worth for FY24 stood at Rs 545.9 crore. The remaining 50% of Ola Electric's shares will be eligible for offloading by anchor investors in 60 days from now, or 90 days since the date of allotment. While this event will certainly test Ola's buoyancy in the market, the fact remains that Ola was off to a stellar start days after its listing, when the stock price accelerated to Rs 157.4 on August 20th, 2024. This skyrocketed the company's valuation well beyond that of established Indian 2-wheeler giants like Hero Moto Corp and Bajaj, albeit briefly. In fact, for a small period, Ola Electric Mobility had recorded valuations higher than that of Tesla's. For perspective, Ola's market capitalization, as of today, stood at Rs 50,327.57 crore. Bajaj Auto, which listed on the exchanges in 2008, presently has a market value of Rs 3,02,993.79 crore, while Hero Moto Corp, which was listed in 2003, currently has a market value of Rs 1,14,788.59 crore. However, ever since hitting this peak on August 20th, Ola's prices have only been on a downward journey. However, now that the stock has witnessed a price correction of sorts, the question remains- has Ola corrected enough, or are we still in for further downside? As per SEBI registered Investment Advisor Gaurav Goel, Ola continues to trade in the expensive zone despite recent correction. "The recent mercurial rise in the stock has been more on the promise it holds for the future. It is the largest <keyword id="23099550" type="General" weightage="20" keywordseo="E-Scooter-Manufacturing" source="keywords">E-Scooter Manufacturing</keyword> company in India, with 31% market share in the E2W sector, selling 3,29,618 scooters in FY24. Recently, it also forayed into the motorcycle segment with several new “Roadster” models at an attractive pricing. It is building an Ola Gigafactory for cell production in Tamil Nadu, and a Battery Innovation Centre in Bangalore", Goel explained. "However, we feel that despite attractive future plans, the stock is currently overpriced. Despite rising revenues, we need to see how quickly it is able to translate widening losses into profits", he continued. <h2>Gaping holes, take a long-term approach </h2>It is hard to overlook the wide, year on year losses that the company continues to incur. As of March 2024, the company had racked up an operating loss of Rs 1,266 crore. Per its Q1FY25 financials, the company's losses before taxes during April-June 2024 grew to Rs 347 crore, up from Rs 267 crore in the year-ago period. The company's cash flows from operating activities continued to be in red, rising from Rs 2,520.25 crores in March 2021 to Rs 15,072.71 crore as of March 2023. Generally, if a company is regularly registering negative cash flows from its primary, operational activity, it is a troubling sign, indicating that the company is spending more than what its making. Ola continues to rack up major losses in its cell business, which reported a loss of Rs 5 crore in Q1FY25. The segment's operating expenses, however, doubled from Rs 11 crore in Q1FY24 to Rs 22 crore in Q1FY25. Per Agrawal, the indigenously developed 4680 Bharat Cell, which will be integrated in all Ola vehicles starting Q1FY26, will help in bettering the company's profit margins, given that cells constitute around 30-35% of overall vehicle's cost. Which is why experts suggest not to buy into any short-term euphoria surrounding the stock, and instead, opt for a long-term approach. While there is scope, it is largely unchartered waters, which will have to face the tides of multiple market volatilities and cycles, before it starts to generate sustainable, significant returns. Goel believes that while the new vehicle segment is a good space to enter, the competition here is going to be stiff. Customer actual response in terms of sales is yet uncertain. "We recommend a buy on dips on this stock. An entry level of Rs 100 would be good point for purchase. It should be kept for the long-term, for a period of at least 3-5 years for realization of its potential"

Shares of Ola Electric have tapered down from their record-highs. Is this a good time to buy in?

<ul class="summary-list"><li>US stocks rose Monday as investors rebounded from the year's worst weekly decline.</li><li>The S&amp;P 500 fell over 4% last week after the August jobs report missed estimates.</li></ul>US stocks traded higher on Monday as investors attempted to rebound <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-today-worst-week-august-jobs-report-recession-fears-2024-9">from the worst weekly decline of the year.</a>The <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> dropped more than 4% last week, its worst weekly loss since March 2023, after the August jobs report failed to meet economist estimates.Looking ahead, investors will be focused on new inflation data, with the consumer price index report for August set to be released Wednesday morning.Average economist estimates suggest prices rose 2.6% year-over-year last month, a sizable drop from the 2.9% reading seen in July.According to Capital.com senior market analyst Daniela Hathorn, a light CPI reading could help determine how much the Federal Reserve cuts interest rates at its FOMC meeting next week.If CPI comes in at 2.6%, it would represent the lowest inflation reading since March 2021, and it would afford the Fed more flexibility to focus more on supporting employment growth than worrying about inflation."The disinflation process has stalled in recent months but if forecasts are right, the August drop could see expectations lean closer to a 50 basis point cut throughout this week, possibly giving risk assets another leg higher," Hathorn said in an email to Business Insider.The CME FedWatch Tool currently expects a 25 basis point rate cut from the Fed next week, with just a 25% chance for a 50 basis point cut.Investors will also turn their attention to <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/apple-stock-price-prediction-iphone-16-event-next-week-surprise-2024-9">Apple's iPhone 16 launch announcement</a> scheduled for later this afternoon, the <a target="_blank" class="" href="https://www.businessinsider.com/trump-harris-presidential-debate-preview-2024-9">Presidential debate between Kamala Harris and Donald Trump</a> on Tuesday evening, and the release of initial jobless claims Thursday morning.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,456.53, up 0.89% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,614.38, up 0.67% (_268.97 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 16,885.81, up 1.17% </li></ul>Here's what else is going on:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/harris-trump-momentum-presidential-race-debate-polls-2024-9">Here's why the presidential race between Trump and Harris remains a virtual dead heat.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/stock-market-outlook-major-flaw-7-trillion-cash-bull-thesis-2024-9">There's a major flaw in the stock market's most bullish thesis.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/aging-world-population-stock-market-risk-jpmorgan-returns-valuations-growth-2024-9">A shrinking world population is bad news for the stock market, according to JPMorgan.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/10-us-cities-metros-housing-market-home-prices-texas-florida-2024-9">Home prices are falling the fastest in these 10 US cities, according to data from Realtor.com.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil increased 0.37% to $67.92 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, jumped 0.31% to $71.28 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was up 0.38% to $2,534.10 an ounce.</li><li>The 10-year Treasury yield was higher by 2 basis points at 3.732%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> rose 0.93% to $55,389.</li></ul>

Stock market today: US stocks rise as traders try to rebound after worst week of the year

<ul class="summary-list"><li>Stocks rose on Wednesday as traders waited for key updates on Fed policy and the US job market.</li><li>The Fed will release minutes from its July meeting, offering investors more insight into its thinking on rates. </li></ul>US stocks edged higher on Wednesday as traders looked forward to the release of the Fed's meeting minutes and revised jobs data. All three benchmark indexes ticked higher in early morning trading, while bond yields slumped.The central bank will release the minutes from its July policy meeting Wednesday afternoon, which will provide further clues about what officials are thinking about the economy and the path of interest rates. Traders are still betting on hefty rate cuts by year-end, with markets pricing in a 67% chance the Fed could cut rates 100 basis points or more by December, per the <a target="_blank" class="" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch</a> tool.The Bureau of Labor Statistics, meanwhile, will release its estimates for its Preliminary Benchmark Revision to Establishment Data Wednesday morning at 10 a.m. ET, which will include revised jobs data from April 2023 through March 2024. Commentators say they are expecting the report to reveal that the US <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/job-market-revisions-shake-up-fed-stock-market-this-week-2024-8">created fewer jobs over the 12-month period</a> than previously indicated, which could also influence the path of rate cuts this year."We have long warned that the jobs numbers were unreliable and subject to dramatic revision. No investment decisions should be made on these numbers," Nancy Tengler, the chief investment officer of Laffer Tangler Investments, said in a note. "Our bet? They will be revised as they have been month after month," she added, referring to recent downwards revisions to payrolls.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Wednesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,609.20, up 0.22%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,921.63, up 0.21% (+86.66 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,854.41, up 0.23% </li></ul>Here's what else is going on today:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/wall-street-political-contributions-by-name-for-trump-vs-harris-2024-8">How Trump vs. Harris is playing out on Wall Street. </a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-surge-765-billion-market-value-8-days-2024-8">Nvidia added $765 billion to its market value</a> in less than two weeks.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/china-ev-oil-demand-natural-gas-tesla-electric-vehicles-goldman-2024-8">China's EVs are fueling a big oil demand slowdown</a>.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil ticked higher 0.5% to $73.57 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, rose 0.39% to $77.50 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> edged lower to $2,509.38 per ounce.</li><li>The 10-year Treasury dipped one basis point to 3.807%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was down 1.73% to $59,571.</li></ul>

You Searched For "stock market 2023" and got 9 results

FPIs withdraw nearly Rs 20,000 crore from equities in the last 5 trading sessions, make a beeline for China and US

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Stock market today: Stocks notch worst weekly decline since March 2023 after August jobs report

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Stock market today: Indexes trade mixed as traders look to break out of 3-day slump

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The stock market is flashing a signal that's previously preceded a 10% slump, Citi says

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The stock market's bull rally is 2 years old. Here's what tends to happen next.

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Shares of Ola Electric have tapered down from their record-highs. Is this a good time to buy in?

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Stock market today: US stocks rise as traders try to rebound after worst week of the year

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Stock market today: US stocks tick higher as traders await Fed minutes and jobs data

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