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Indian companies across multiple sectors have reported disappointing results in the second quarter of fiscal year 2025, notes a new JM Financials report. Consequently, their poor performance has triggered stock price corrections for affected companies. The brunt of this weaker than expected earnings was largely borne by consumer centric sectors like FMCG (fast moving consumer goods), retail, and auto, which slacked largely due to dampened urban demand. For instance, India's largest automaker, Maruti Suzuki, reported a 5% YoY decline in its total domestic passenger vehicle wholesales, largely on the back of pent-up inventory. Similarly, Honda reported a staggering 23% YoY dip in its total sales during October 2024. A recent report by Bernstein noted that around 48% of the companies listed on the NSE100 index missed their earnings estimate for Q2FY25, the highest since March 2020. Most companies have mentioned deteriorated domestic demand, urban slowing, macroeconomic risk, and margin pressures as the main reasons behind the dip. "The quarter's earnings have made investors nervous," noted the JM Financials report. The challenging environment stems from multiple factors: softening consumer demand, rising input costs, and companies' limited ability to increase prices. Moreover, this is not limited to just one quarter. Companies have been reporting weak, single-digit earnings growth for the last six consecutive quarters. Data from India Data Hub also suggests that corporate profits of listed companies plunged by as much as 3.4% during the quarter ended September 30, 2024. This is in stark contrast to the year-ago period, where they had shot up by over 40% The oil and gas sector had a difficult quarter, with refiners hit by weak margins and city gas distributors struggling with higher input costs. Financial institutions showed mixed results. While government-owned banks reported strong numbers, microfinance institutions and some private lenders faced massive difficulties with their unsecured loans. Most notable amongst this was the case of IndusInd Bank, which saw its net profits dip by 40% amidst burgeoning provisions, which climbed 87% to Rs 1,820 crore in Q2, as against Rs 974 crore reported in the year-ago period. <h2>Markets head southwards</h2>The selling trend by FPIs has dragged down the major Indian indices, the Nifty 50 and Sensex, both of which have dropped by around 8% since the beginning of this selling spree in October. According to National Securities Depository Ltd. (NSDL) data, FPIs offloaded equities worth a significant Rs 19,994 crore in just the first five trading sessions of November last week. The impact is clearly visible on Indian stock markets. Data suggests that while every sector in October closed the month in red, auto, oil and gas, and consumer durables were the most badly hit, each declining by as much as 10% during the month. Another indicator underlining the inherent weakness of the market was that the month saw only 242 stocks hit their 52-week high, significantly below the usual monthly average of 310.

India Inc. stares at an earnings dearth in Q2, FMCG, auto, and consumer durables falter

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>The Harris-Walz campaign has wasted no time — it now has Taylor Swift-inspired merch.</li><li>Shortly after Taylor Swift endorsed them, they started selling friendship bracelets inspired by her.</li></ul>It took the Harris-Walz campaign just an hour after receiving <a target="_blank" class="" href="https://www.businessinsider.com/taylor-swift-endorses-kamala-harris-2024-8">Taylor Swift's mega endorsement</a> to start selling friendship bracelets inspired by the singer.Shortly after the <a target="_blank" class="" href="https://www.businessinsider.com/harris-trump-rage-presidential-debate-strategy-reaction-election-2024-9">ABC News presidential debate</a> between Vice President Kamala Harris and former President Donald Trump ended, the superstar posted a ringing endorsement of the duo to Instagram."I will be casting my vote for Kamala Harris and Tim Walz in the 2024 Presidential Election," Swift wrote in her post on Monday night. "I'm voting for @kamalaharris because she fights for the rights and causes I believe need a warrior to champion them."About an hour after the Instagram post went live, Harris' campaign merchandise website started selling "<a target="_blank" class="" href="https://store.kamalaharris.com/harris-walz-friendship-bracelets/">Harris-Walz Friendship Bracelets</a>" priced at $20 for a pack of two.The adjustable, waterproof bracelets are made with blue and black thread and cream-colored clay beads that spell out the words "Harris Walz 24.""Are you ready for it? Harris-Walz friendship bracelets are here!" the product description read, referring to Swift's popular song "…Ready For It?" from her 2017 "reputation" album.Friendship bracelets have become a popular addition to "The Eras Tour" concert outfits. They are inspired by lyrics from Swift's "You're On Your Own, Kid," a song from her 2022 "Midnights" album.It is now a tradition for concertgoers to trade the handmade bracelets with other showgoers.The campaign's X account, KamalaHQ, was quick to whip up an edit of Swift's endorsement as well.The X <a target="_blank" class="" href="https://x.com/KamalaHQ/status/1833718357150859687">post</a> made shortly after midnight on Tuesday said, "Kamala is ready for it. " It then transitioned into a screenshot of Swift's endorsement post with the same song as the soundtrack.When asked about the high-profile endorsement in an interview with MSNBC, Harris' running mate, Gov. Tim Walz, said: "I am incredibly grateful, first of all, to Taylor Swift.""I say that also as a cat owner, a fellow cat owner," he said. "Look, Swifties, you heard it, you know that it's there.""That was eloquent, and it was clear, and that's the type of courage we need in America to stand up," Walz added.The campaign has put a lot of work into its merchandise leading up to the November elections, from appealing to Gen Z voters with a <a target="_blank" class="" href="https://www.businessinsider.com/harris-walz-camo-hat-gen-z-marketing-genius-2024-8">camo hat</a> reminiscent of Chappell Roan tour merchandise to collaborating with the country's top fashion designers like Vera Wang and Tory Burch for its <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-designer-campaign-swag-another-merch-win-2024-8">"Designers for Democracy" collection</a>.It's also leaned into younger, <a target="_blank" class="" href="https://www.businessinsider.com/harris-july-fundraise-310-million-gen-z-millennial-donors-trump-2024-8">Gen Z-trend-driven messaging</a> on social media, <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-memes-media-strategy-gen-z-unburdened-coconut-2024-7">complete with references to Charli XCX's "brat" summer.</a>Representatives of Swift and the Harris-Walz campaign did not respond to a request for comment from Business Insider, sent outside business hours.

After Taylor Swift's mega endorsement, it took just one hour for the Harris-Walz campaign to start selling friendship bracelets

<keyword id="6389755" type="General" weightage="20" keywordseo="foreign-portfolio-investors" source="Orion">Foreign Portfolio Investors</keyword> (FPIs) have infused about Rs 12,400 crore into the Indian debt markets in November so far, making it the highest <keyword id="45422" type="General" weightage="20" keywordseo="inflow" source="Orion">inflow</keyword> in more than two years, on attractive yields offered by the country's debt. The inclusion of Indian G-Sec in the JP Morgan Government Bond Index Emerging Markets has spurred foreign fund participation in the Indian bond markets, market experts said. FPIs have been bullish on Indian debt since the beginning of 2023 and have invested throughout the year, except March, when they had pulled out Rs 2,505 crore, data with the depositories showed. With the latest inflow, the <keyword id="2609447" type="General" weightage="20" keywordseo="net-investment" source="Orion">net investment</keyword> by FPIs into debt reached Rs 47,900 crore so far this calendar year. According to the data, overseas investors put in a net amount of Rs 12,400 crore into the <keyword id="144818" type="General" weightage="20" keywordseo="debt-market" source="Orion">debt market</keyword> this month (till November 27). This was the highest inflow since September 2021, when they had poured Rs 12,804 crore. This came following a net investment of Rs 6,382 crore in October. Indian debt is relatively attractive compared to debt in other emerging markets, and it offers a relatively high <keyword id="6355374" type="General" weightage="20" keywordseo="yield" source="Orion">yield</keyword> compared to debt in developed markets, Bhuvan Rustagi, COO and Co-Founder, of Per Annum and Lendbox, said. Apart from equities, FPIs pumped in a net amount of Rs 378 crore in the equity markets during the period under review. This came after FPIs dumped equities worth Rs 24,548 crore in October and Rs 14,767 crore in September. "The better-than-expected decline in inflation in the US around mid-October has given the market confidence to assume that the Fed is done with a rate hike. Consequently, the US bond yields have declined sharply with the 10-year benchmark bond yield correcting from 5 per cent in mid-October to 4.4 per cent now. This has forced the FPIs to slow down their selling," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. Overall, the cumulative trend for 2023 remains healthy, with FPIs pouring in Rs 96,340 crore so far this calendar year.

FPIs investment in debt market hits 2-yr high at Rs 12,400 crore in Nov

<ul class="summary-list"><li>Donald Trump has stamped his name on a variety of products since leaving office.</li><li>The former president has continued to hawk items while also balancing his 2024 campaign.</li></ul>Former President <a target="_blank" href="https://www.businessinsider.com/donald-melania-trump-relationship-timeline-2018-11">Donald Trump</a>'s campaign might be cash-strapped, but that hasn't stopped him from hawking merchandise that will benefit him directly.As a former reality TV star, Trump has put his name on everything from board games and steaks to the sides of buildings. According to his most recent financial disclosure, Trump is the manager and president of an LLC that has been the vehicle for many of his post-White House dealings.<a target="_blank" href="https://www.nytimes.com/2007/09/09/weekinreview/09seelye.html?_r=0">Former presidents</a> have long found ways to profit after leaving office. But unlike Trump, no modern one-term president has seriously sought to reclaim his old job.President Ulysses S. Grant's widow, Julia Grant, made $450,000 off of the memoirs that he penned shortly before his death. More recent former presidents have found other avenues beyond just book sales.Gerald Ford is regarded for kick-starting the trend of serving on corporate boards after the "accidental president" accepted seats from blue-chip companies like 20th Century Fox and American Express. Ronald Reagan caused a stir when he accepted $2 million for a series of appearances in Japan. Bill Clinton later electrified the speaking fees trend.It's estimated that he and former former Secretary of State Hillary Clinton amassed a staggering $100 million fortune after she left office. Not to be outdone, Netflix reportedly paid Barack and Michelle Obama into the high eight figures.As President <a target="_blank" href="https://www.nytimes.com/2007/09/09/weekinreview/09seelye.html?_r=0">George W. Bush explained</a> his approach upon leaving office, it was time to "replenish the ol' coffers.""I don't know what my dad gets," Bush told journalist Robert Draper. "But it's more than 50, 75" thousand dollars a speech. He added, "Clinton's making a lot of money."Congress once feared former presidents living in destitution. Former President Harry Truman personally wrote to key members of Congress after he left office that he might have to resort to taking welfare. (New York Magazine uncovered evidence that strongly undermines Truman's widely attributed image of <a target="_blank" href="https://nymag.com/intelligencer/2021/07/the-truman-show.html">meager post-White House wealth</a>.) After Truman's lobbying, lawmakers passed financial support for former presidents that continues to this day.In addition to receiving lifetime Secret Service protection (a perk that briefly appeared to be going away and is now enshrined again in law), <a target="_blank" href="https://www.businessinsider.com/trump-uses-taxpayer-funded-office-to-bash-ny-ag-tish-james-2022-8">former presidents enjoy perks</a> that cover office space, staff funding, and travel reimbursement.Trump's businesses primarily include golf courses, hotels, resorts, other real estate holdings, and licensing his name. Both his campaign and his family's business have official stores selling various products. As has been previously <a target="_blank" href="https://www.nbcnews.com/politics/donald-trump/trump-event-touted-made-america-goods-lot-his-merchandise-couldn-n893656">reported</a>, some Trump-branded products have been made in other countries, including China and Canada. His campaign appears to only sell merchandise made in the US. Trump-owned companies have filed for bankruptcy six times, including the Trump Taj Mahal, the Plaza Hotel, Trump Hotels and Casino Resorts, and Trump Entertainment Resorts.Here's how Trump is trying to make some extra money in 2024.<h2 id="12e11440-f271-4780-9d71-848674ef0fda">Truth Social</h2><div type="image" title="Donald Trump and a screenshot of his Truth Social account" height="1080" width="1440" msid="109949855" hostid="261"></div>While not a product, <a target="_blank" href="https://www.businessinsider.com/trump-media-stock-price-crash-spac-djt-truth-social-2024-4">Truth Social</a>, Trump's social media platform, looms the largest in his post-presidential portfolio. The initial surge in share prices when the Truth's parent company went public caused Trump to soar back onto Bloomberg's Billionaire Index. (His status has sometimes changed amid the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/trump-media-djt-stock-price-short-sellers-squeeze-share-recall-2024-4">volatility in share prices</a>.)Trump's stake in Trump Media &amp; Technology Group, Truth's parent company, is worth billions. The platform also illustrates the blend between Trump's business interests and campaign. He is undoubtedly Truth's greatest asset, a testament to the fact that he uses the platform almost exclusively even though major social companies have since reversed their post-January 6 bans on his accounts.In a nod to his role, Trump Media &amp; Technology Group is listed on Nasdaq <a target="_blank" href="https://www.businessinsider.com/trump-djt-stock-symbol-truth-social-investors-2024-4-3">under "DJT</a>," the former president's initials.<div type="image" title="Donald Trump stands in front of a church holding a bible" height="683" width="1024" msid="109949858" hostid="261"></div>Trump is selling a copy of his favorite book: <a target="_blank" href="https://www.businessinsider.com/trump-endorses-bible-after-comparing-himself-to-jesus-2024-3https://www.businessinsider.com/trump-endorses-bible-after-comparing-himself-to-jesus-2024-3">The Bible</a>.For $60, Trump's edition of the religious text includes "a "handwritten chorus to 'God Bless The USA' by Lee Greenwood.'" The former president frequently features the Greenwood patriotic anthem at his rallies.The Trump Bible also includes a copy of the US Constitution, Pledge of Allegiance, Declaration of Independence, and Bill of Rights.<h2 id="bf934598-3c41-456b-b249-95eb715c69d2">Shoes</h2>Three pairs of shoes emblazoned with a T are selling under Trump's umbrella. They range in price from the nearly all-gold "Never Surrender" high tops at $399 to the lower cut "Red Wave" and "POTUS 45."According to the website that offered them for sale, only 1,000 pairs of the "Never Surrender" shoes were made. The company says that pairs have sold out. Like other current Trump products, the shoes come with the disclaimer that Trump himself is not selling the shoes but that the company licensed his name, image, and likeness. Trump is president of the LLC that sold his likeness rights.The former president also attended SneakerCon, a shoe-focused convention in Philadelphia, to promote the shoe line.<h2 id="53f2a303-ab77-472f-bf03-85555d9caaa7">NFTs</h2> Trump has licensed multiple editions of digital trading cards since leaving office. The most recent set, "The Mugshot edition," offered collectors a chance to own a physical card that included a swatch of the suit the former president wore for his Fulton County Georgia mugshot.Cards were available for $99 a piece or $4,653 for the full set, which included an invitation to a dinner at Trump's Mar-a-Lago club.According to his most recent disclosure, Trump reported income of between $100,001 and $1 million from past NFT sales.<h2 id="9eea1948-902e-403d-ae0a-5be29d1179ad">Cologne and perfume</h2><div type="image" title="Donald Trump." height="2715" width="4073" msid="109949862" hostid="261"></div>The same company selling Trump shoes also sells cologne and perfume stamped with the former president's name. The "Victory47" bottles are each listed for $99 respectively. The cologne bottle's image, subject to change, has a Trump head topper.Victory 47 is a nod to Trump's hope that he will win in November, making him both the 45th and 47th president.

Trump is selling sneakers, bibles, and other odd products while he campaigns. Here's a look at all the items he's hawking. 

<ul class="summary-list"><li>OPEC says oil demand concerns were exaggerated in November, according to its latest report.</li><li>But the oil cartel still expects a marginal slowdown in demand growth next year.</li></ul>Excessive worry over oil demand was a key theme in November, marked by high volatility and heavy sell-offs in futures prices, the Organization of the Petroleum Exporting Countries said in its <a href="https://www.opec.org/opec_web/en/publications/338.htm" target="_blank" rel="noopener">monthly report</a>. That comes as <a href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent</a> crude, the international benchmark, fell 7% in November and has tumbled over 20% from a September peak. "Speculators played a major role in this trend, cutting their bullish positions sharply while increasing short positions. The market dynamic was fueled by exaggerated concerns about oil demand growth, which negatively impacted market sentiment," the report stated.Through this year, analysts have voiced caution of "<a href="https://markets.businessinsider.com/news/commodities/oil-prices-wti-brent-crude-inventory-demand-destruction-economy-slowdown-2023-10">demand destruction</a>" in oil markets, as high summer prices, <a href="https://markets.businessinsider.com/news/commodities/oil-price-outlook-demand-destruction-israel-hamas-war-mideast-impact-2023-10">depreciating currencies</a> and rising borrowing costs hampered fuel consumption. Still, OPEC kept its outlook for global oil demand growth unchanged, at 2.46 million barrels per day for 2023, though it does expect a slowdown to 2.25 million bpd next year.This surpasses other forecasts, with the International Energy Agency predicting demand growth to plunge to <a href="https://www.reuters.com/markets/commodities/iea-raises-oil-demand-growth-forecasts-despite-economic-gloom-ahead-2023-11-14/" target="_blank" rel="noopener">930,000 bpd in 2024</a>. Meanwhile, Fitch Ratings suggested that slower economic growth next year could <a href="https://markets.businessinsider.com/news/commodities/oil-prices-opec-production-cuts-output-forecast-demand-destruction-citi-2023-12?_gl=1*qdxtyy*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcwMjQ3NjQ4Mi41MjguMC4xNzAyNDc2NDgyLjYwLjAuMA..">exacerbate a surplus in oil supply</a>, potentially forcing OPEC+ to further lower output. For its part, OPEC said strong economic growth will be the main driver of elevated oil demand. While raising its 2023 global forecast to 2.9%, it left next year's outlook steady at 2.6%."As 2023 draws to an end, the OPEC Secretariat remains cautiously optimistic about the fundamental factors affecting oil market dynamics in 2024," it said. On the supply side, OPEC's expectations are also unchanged. It predicted non-OPEC supply growth of 1.8 million bpd in 2023, followed by 1.4 million bpd in 2024. Both years are expected to be led by US production.Throughout 2023, OPEC members have cut back on their crude output in an effort to boost prices. However, strong <a href="https://markets.businessinsider.com/news/commodities/oil-outlook-saudi-arabia-opec-production-us-share-crude-supply-2023-12">US production</a> has undermined this, while hints from Saudi Arabia and Russia to further curb supply next year have failed to lift crude.

You Searched For "FPIs selling trend November 2024" and got 6 results

India Inc. stares at an earnings dearth in Q2, FMCG, auto, and consumer durables falter

Ira Alok Puranik

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

BI India Bureau

After Taylor Swift's mega endorsement, it took just one hour for the Harris-Walz campaign to start selling friendship bracelets

Aditi Bharade

FPIs investment in debt market hits 2-yr high at Rs 12,400 crore in Nov

PTI

Trump is selling sneakers, bibles, and other odd products while he campaigns. Here's a look at all the items he's hawking.

Brent D. Griffiths

OPEC says 'exaggerated concerns' about demand are hitting oil prices but still sees a slowdown in 2024

Filip De Mott

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