FIIs become buyers in February with equity inflows worth Rs 16,912 crore. Is this a sign of trend reversal?

Foreign institutional investors (FIIs) have turned net buyers in February, purchasing shares worth Rs 16,912 in the domestic markets so far. The trend reversal is due to the improved profit figures for the third quarter.Buying returned this month after a lackluster start to the new year. In January, foreign equity outflows stood at Rs 35,962 […]

BHEL, ABB, L&T plunge to 14% after report says government may scrap restrictions on Chinese companies

Shares of Bharat Heavy Electricals (BHEL) and other capital goods names fell as much as 14% on Thursday after a media report said the finance ministry plans to scrap five-year-old restrictions on Chinese companies bidding for government contracts. Reuters reported, citing two sources, that the move could come as the government seeks to revive commercial […]