FPIs outflow in equities crosses Rs 10,000 cr mark in September on rising US interest rates

Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarilydue to rising US interest rates, recessionaryfears, and overvalued domestic stocks. Before the outflow, FPIs were incessantly buying Indianequities in the last six monthsfrom March to August and brought in Rs 1.74 lakh crore during the period. Mayank Mehra, smallcase, manager and principal partner at Craving Alpha,believes that strong economic growth prospects, attractive valuations, and government reforms could support foreign investment flows in the next month.

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Zinc Prices Lower to $2,500

Zinc prices slid to around $2,500 a tonne, easing from the four-month high touched on September 14th, amid globally subdued demand outlook after the hawkish rhetoric from the Fed.

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Copper on track for weekly loss due to strong dollar, high inventories

  • Copper rises after worst day since Aug. 1 on Thursday
  • Dollar on track for 10th straight weekly rise
  • Nickel up after hitting lowest price since July 2022

Copper prices were on track for a weekly loss on Friday due to a strong dollar, high inventories and reduced risk appetite after the U.S. Federal Reserve signalled monetary policy would remain restrictive for longer.

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Nat-Gas Prices Post Moderate Gains on a Jump in European Nat-Gas

October Nymex natural gas (NGV23) on Friday closed +0.027 (+1.03%). Nat-gas prices Friday posted moderate gains, garnering carryover support from a rally in European nat-gas prices to a 1-month high. Gains in nat-gas were limited by forecasts for warmer-than-normal fall temperatures that would reduce heating demand for nat gas. Forecaster Atmospheric G2 said the middle … Read more

Dead ends ahead for Silver

With the fundamental roadblocks adding up, silver confronts a bearishoutlook at nearly every turn.

With the FOMC’s hawked-up SEP and Powell’s inflation focus upending severalrisk assets, rising real interestrates continue to weaken silver’s bull thesis. And with the Fed chief promising more of the same on Sep. 20, higher interest rates and/or a recession are both bullish for the USD Index. Powell said:

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