Sensex, Nifty: Why stock market ignored 1st RBI rate cut in 5 years

Sensex Nifty Today: It was widely anticipated that the RBI will deliver a rate cut and, hence, the market has not reacted much to the rate cut, said an analyst.   Benchmark indices Sensex and Nifty were flat in Friday’s trade, with ITC Ltd, Reliance Industries Ltd and a few rate sensitive banking and financial names…

Stock market: FII ownership in Indian shares drop to 16%; what’s on their sell radar?

For oil & gas sector, January’s $182 million outflows marked the fifth consecutive month of selling. For automobile sector, it was the sixth straight month of FII selloff at $672 million.   In its latest strategy note, JM Financial noted that foreign institutional investor (FII) ownership as a percentage of total Indian equities slipped further…