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If this pace of net foreign buying is maintained for the rest of the month, she is potentially looking at a USD 12-13 billion month. According to her, biggest recipients are Taiwan, Korea, India and Thailand.The market has opened higher on Fed's move. The Sensex is up 230.07 points or 0.9 percent at 24912.55, and the Nifty is up 70.40 points or 0.9 percent at 7569.15. About 616 shares have advanced, 124 shares declined, and 19 shares are unchanged. ICICI Bank, Hindalco, GAIL, Tata Steel and Tata Motors are top gainers.
Indian markets joined a global rally triggered by the Fed's decision to hold interest rates steady, while lowering expectations for the number of rate hikes this year. The US central bank noted that the American economy continues to face external risks.
Shares of Praj Industries climbed 17% to their 52-week high after the company’s said in an interview it is expecting more international orders in the future.
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