november 2024 – TheNewsHub https://thenewshub.in Sat, 16 Nov 2024 11:10:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.7 FPIs sold equities worth Rs 2,426 crore this week https://thenewshub.in/2024/11/16/fpis-sold-equities-worth-rs-2426-crore-this-week/ https://thenewshub.in/2024/11/16/fpis-sold-equities-worth-rs-2426-crore-this-week/?noamp=mobile#respond Sat, 16 Nov 2024 11:10:40 +0000 https://thenewshub.in/2024/11/16/fpis-sold-equities-worth-rs-2426-crore-this-week/

NEW DELHI: Foreign portfolio investors (FPIs) exodus from the Indian equity market slowed down to RS 2,426 crore during the second week of November, according to the data of National Securities Depository Limited (NSDL) data. FPIs have withdrawn Rs 22,420 crore in November thus far, with Rs 19,994 crore sold in the first week.
This persistent outflow pattern indicates a prevailing cautious approach amongst international investors during uncertain market conditions.
The continuous selling has resulted in negative net FPI investment in equities for 2024. Currently, FPIs show net selling of Rs 15,827 crore in the equity segment, negating the positive inflows observed earlier.
These outflows coincide with a complex global economic landscape characterised by geopolitical conflicts, rising inflation, and monetary policy decisions, leading to increased investor caution.
Investment specialists suggest that international investors are shifting their holdings towards low-risk assets or alternative emerging markets, affecting Indian market movements.
Ajay Bagga, Banking and Market expert told ANI, “The selling intensity by FPIs seems to be reducing as per the data from the last week. A big flip is that post the Trump victory, there is a rerating of China downwards and India has emerged as a potential beneficiary of a China+1 move. The major global flows are going to US and Japan equity markets. EMs are seeing outflows.”
He further added “however in anticipation of Trump admin economic policies and the Trump preference for a weaker US dollar we can expect a reversal in EM flows. FPI selling intensity weakening is the initial impact of this re rating”.
Industry observers continue to track FPI flow patterns, recognising their significant influence on domestic market behaviour.



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Full Moon in November 2024: Beaver Moon is the Last Supermoon of the Year https://thenewshub.in/2024/11/14/full-moon-in-november-2024-beaver-moon-is-the-last-supermoon-of-the-year/ https://thenewshub.in/2024/11/14/full-moon-in-november-2024-beaver-moon-is-the-last-supermoon-of-the-year/?noamp=mobile#respond Thu, 14 Nov 2024 18:14:01 +0000 https://thenewshub.in/2024/11/14/full-moon-in-november-2024-beaver-moon-is-the-last-supermoon-of-the-year/

The final supermoon of 2024, known as the Beaver Moon, will make its appearance on Friday, November 15. This full moon, which will reach its peak illumination at 4:29 PM EST, is anticipated by lunar enthusiasts as it marks the last supermoon event of the year. Visible as dawn approaches in Jakarta, this celestial event follows October’s Hunter’s Moon and concludes a sequence of four consecutive supermoons observed throughout 2024, according to NASA.

What is the Beaver Moon?

November’s full moon is traditionally called the Beaver Moon, a term that originates from Native American customs and was popularised by the Maine Farmer’s Almanac. This name is linked to the seasonal timing when beavers prepare their dens for winter or were historically hunted to ensure a supply of warm furs. In various regions, November’s full moon is also known as the Frost Moon or Snow Moon, reflecting the colder weather patterns typically seen in North America during this time.

When to See the Beaver Moon

The Beaver Moon will appear full to viewers for three days, from the early hours of 14 November to just before sunrise on November 17. This gives stargazers multiple opportunities to catch a glimpse of the bright, enlarged moon, which will be slightly closer to Earth than usual, enhancing its size and brightness compared to typical full moons. This phenomenon occurs when the moon reaches its closest orbital point, known as perigee, during a full phase, resulting in what is known as a supermoon.

Other Astronomical Highlights This Month

Apart from the Beaver Moon, November brings other notable astronomical events. On 16 November, Mercury will reach its greatest eastern elongation, making it ideal for evening observation. Additionally, the Leonid meteor shower is expected to peak from November 17 to 18, providing another highlight for skywatchers. Uranus will also be visible, reaching its closest point to Earth on November 17, according to Seasky.org, giving viewers a brighter and more accessible sighting.

For those interested in astronomy, November 15 offers a special chance to observe this year’s last supermoon before the seasonal Cold Moon arrives in December.

 

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