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Foreign investors continue to pull out from financials in first half of May

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Foreign investors continue to pull out from financials in first half of May
Mumbai: Foreign investors continued to pare exposure to financials in the first half of May, pulling out ₹17,960 crore from the sector, nearly 47% of the overall foreign outflows during the period, amid concerns over tighter banking margins and India’s lower appeal compared to other emerging markets.

“Banks are facing headwinds from higher bond yields, which could impact treasury income, while implementation of Expected Credit Loss (ECL) norms, requiring higher provisioning, is expected to keep return ratios volatile in the near term,” said Pankaj Pandey, head of retail research at ICICI Securities.

Between January and April, overseas investors dumped more than ₹91,000 crore worth of financials, a sector with the highest foreign ownership in India.

The Bank Nifty has fallen nearly 7% over the past month, compared with a 4% decline in the benchmark Nifty.

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“The valuations in the banking space remain reasonable, and the foreign outflows in the sector are due to these investors wanting to cut exposure to India as a whole, as they find better bets in the rest of the emerging markets,” said Siddarth Bhamre, head of research, Asit C Mehta Intermediates. “They cannot reduce weightage in India without selling banking stocks.”

Foreign Investors Continue to Pull Out from FinancialsAgencies

Sector accounts for nearly 47% of outflows in the first-half of May

Overall, foreign investors sold shares worth ₹38,443 crore across 19 sectors in the first half of May, according to NSDL data. Oil & gas saw outflows of ₹6,885 crore, while telecom stocks witnessed selling worth ₹2,542 crore, extending the pressure seen in April.
Overseas investors bought shares worth ₹11,395 crore across four sectors, with nearly 60% of the inflows directed in the services sector. “The services sector, which includes Adani Group stocks such as Adani Ports and Adani Enterprises, performed well after resolving issues related to the US Securities and Exchange Commission (SEC),” said Pandey.Pandey said that the MSCI rebalancing next week could draw some foreign inflows, but that is a one-time event.

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UAW Reaches Tentative Deal to End Strike at Supplier to GM Trucks

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UAW Reaches Tentative Deal to End Strike at Supplier to GM Trucks

Unionized workers at a

Michigan plant producing a key component for General Motors

GM

1.83%

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increase; up pointing triangle trucks have reached a tentative agreement for a new labor contract following a 10-day strike.

“After 18 years of sacrifice, these workers are finally winning back a big chunk of what was taken from them,” United Auto Workers union President Shawn Fain said.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Rithm Capital Preferreds: Balancing Yield Against Call Risk. (NYSE:RITM)

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Rithm Capital Preferreds: Balancing Yield Against Call Risk. (NYSE:RITM)

This article was written by

I have been managing investments for over eight years in capital markets. By qualification I am a CFA Charter holder. I primarily look for discrepancies between the price and value of a security. With a focus on first-principal mindset, I try breaking down ideas into their core- most tangible parts, affecting the theses while deliberately avoiding the non-significant matter into crowding the analysis. If you like my ideas or frameworks, reach out via email/message for more granular and concentrated- portfolio level specific investment researches and ideas. I am at prakhar@shrihittruealphacapital.com.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Readers are advised to fact-check thoroughly before making any investment-related decisions; this reflects the personal views of the author and should not be pursued as formal financial or investment advice in any manner. While every effort has been made to ensure accuracy, errors may exist in the data and financial projections presented. The author is not responsible for any financial gains or losses incurred from investments made based on this content.

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Limoneira: Hidden Land Value Is Real, But The Cash Flow Bridge Is Still Narrow

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Limoneira: Hidden Land Value Is Real, But The Cash Flow Bridge Is Still Narrow

This article was written by

I am an independent trader and market analyst with a focused specialization in the micro-cap segment. My investment strategy combines technical analysis with the CAN SLIM methodology, pioneered by William O’Neil, to uncover high-growth companies that are often overlooked by mainstream analysts. I seek out emerging businesses showing strong financial momentum, rapid earnings growth, and signs of institutional interest—key indicators that often precede explosive stock moves. In addition to equities, I also have experience in Forex trading, which has sharpened my ability to interpret price action, volatility, and market sentiment. This multi-market background allows me to better understand the behavioral aspects of trading and refine my timing on entry and exit points. My research process integrates both fundamental and technical perspectives. I pay close attention to indicators such as relative strength, unusual trading volume, and earnings acceleration to identify stocks on the verge of significant breakouts. My goal is to spot opportunities early—before broader market recognition drives prices higher. Writing on Seeking Alpha is a vital part of my investment process. It allows me to validate my ideas, document my research, and connect with a community of like-minded investors. My articles focus on uncovering under-the-radar growth stocks with compelling fundamentals and favorable technical setups. Ultimately, I aim to provide insightful, actionable content that helps others navigate the market with greater confidence and clarity.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Guggenheim raises Target stock price target to $145 on strategy

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Guggenheim raises Target stock price target to $145 on strategy

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My friends always want to split the bill equally, how do I say no?

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My friends always want to split the bill equally, how do I say no?

It is never easy to speak up when a fellow diner says “let’s just divide it!”

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Canada Favored to Beat Bosnia in 2026 World Cup Opener at BMO Field

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Alphonso Davies

TORONTO — Canada will open its 2026 FIFA World Cup campaign on Friday against Bosnia and Herzegovina at BMO Field, with the home side entering as clear favorites in a Group B match that carries significant implications for advancement in the expanded 48-team tournament.

Kickoff is scheduled for 3 p.m. ET. According to FanDuel Sportsbook, Canada is listed at -120 on the 90-minute money line, Bosnia and Herzegovina at +360 and a draw at +240. The over/under for total goals is set at 2.5. SportsLine expert Martin Green, who has gone 18-8 on recent Champions League picks, is leaning toward the Over 2.5 goals in this matchup.

Team Form and Key Players

Canada, ranked 30th in the FIFA standings, is eager to advance past the group stage for the first time in its history. The team boasts attacking talent including forwards Cyle Larin and Jonathan David. Larin has scored 30 goals in 90 appearances for the national team, while David has netted 39 times in 77 matches.

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Bosnia and Herzegovina, ranked 64th, features veteran striker Edin Džeko as its standout performer. The 40-year-old has scored 73 goals in 148 appearances for his country. Despite the ranking difference, Bosnia has shown scoring capability, finding the net in six of its last seven matches, including multiple goals in recent friendlies and qualifiers.

Green highlighted the potential for goals. “The teams look evenly matched, and both of them should find the back of the net in this game, but home advantage may ultimately prove decisive for Canada,” he said.

Group B Context

Group B also includes Mexico and Paraguay, making every point valuable in the expanded format. The top two teams from each group advance automatically to the round of 32, with the eight best third-place finishers also progressing. This structure provides more opportunities for teams like Canada to make history.

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A strong result in the opener would set a positive tone for Canada, which benefits from home support in Toronto. Bosnia will need to be resilient on the road and capitalize on counterattacking opportunities against a motivated Canadian side.

Tactical Outlook and Betting Considerations

Canada is expected to control possession and press high, leveraging its home advantage and attacking depth. Bosnia may sit deeper and look for transitions through Džeko and midfield creators. The over/under line at 2.5 goals reflects expectations of an open contest, with Green favoring the Over based on recent scoring trends for both sides.

SportsLine’s analysis suggests Canada should fare better overall this summer, but individual matches will test execution and adaptability. The 90-minute money line favors the hosts, though a draw remains a plausible outcome given Bosnia’s experience.

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Historical Significance for Canada

This marks Canada’s return to the World Cup stage after previous appearances. Advancing from the group would represent a major achievement for the program and boost domestic football development. Home matches in the group stage provide a significant advantage, with passionate crowds expected at BMO Field.

Bosnia and Herzegovina aims to reach the knockout stage for the first time. The team’s blend of veteran leadership and younger contributors offers a mix of stability and potential, though the road fixture against Canada presents an immediate challenge.

Broader Tournament Implications

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The 2026 World Cup’s expanded format has already delivered competitive early matches. Group B shapes up as balanced, with Canada and Mexico viewed as the primary contenders for top spots. Results in Friday’s opener could influence tactical approaches in subsequent fixtures.

Global audiences will watch closely as co-host nations and traditional powers navigate the opening round. Canada’s performance carries extra weight as one of the host countries, with national pride and long-term program goals on the line.

Preparation and Fan Expectations

Both teams have used recent friendlies and training camps to fine-tune strategies. Canada’s home advantage includes familiarity with conditions and vocal supporter backing. Bosnia will rely on tactical discipline to neutralize Canada’s attacking threats.

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Fans in Toronto and across Canada are anticipated to create an electric atmosphere. Broadcast coverage will make the match accessible to domestic and international viewers, with streaming options available for those unable to attend in person.

What to Watch

Key storylines include Canada’s ability to convert home pressure into goals, Bosnia’s counterattacking efficiency, and individual performances from Larin, David and Džeko. Set-piece execution and midfield control could prove decisive in a match expected to feature end-to-end action.

Green’s recommendation for the Over 2.5 goals aligns with both teams’ recent scoring patterns. Bettors will monitor line movements and injury updates as kickoff approaches.

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Conclusion and Series Outlook

Canada enters Friday’s match as the favorite, supported by home soil and superior recent form. Bosnia and Herzegovina faces a difficult assignment but possesses the talent to cause problems on the counter. The result will shape Group B standings and set the tone for both teams’ tournament ambitions.

As the 2026 World Cup continues, matches like this highlight the competitiveness of the expanded field. Canada has the opportunity to make a statement in front of its supporters, while Bosnia seeks a positive result to build momentum. The afternoon clash at BMO Field promises an intriguing start to Group B play with significant stakes for both nations.

The expanded tournament format rewards strong starts, making Friday’s opener particularly important. Fans worldwide will tune in to see whether Canada can capitalize on home advantage or if Bosnia can pull off an upset in Toronto.

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SpaceX IPO Expected to Create Thousands of New Millionaires Across Workforce

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Elon Musk Revives 2022 Promise to Eat Happy Meal

NEW YORK — SpaceX’s landmark initial public offering is projected to generate thousands of new millionaires among its employees, from engineers and technicians to support staff including cafeteria workers, highlighting the broad wealth creation potential of the company’s historic Nasdaq debut.

The rocket and satellite firm, led by Elon Musk, priced its shares at $135 ahead of Friday’s trading start, with the offering expected to raise approximately $75 billion and value the company at around $1.78 trillion. Reports indicate the IPO could mint roughly 4,400 new millionaires within the SpaceX workforce, reflecting significant equity compensation distributed across all levels of the organization.

A widely shared post on X captured the sentiment, featuring an illustration celebrating the news with the caption “God bless Capitalism.” The post quoted earlier information from Polymarket noting the expected creation of 4,000 new millionaires and quickly gained traction, resonating with discussions about employee ownership and the rewards of long-term commitment to innovative companies.

Employee Equity and Company Culture

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SpaceX has long emphasized equity participation for its workforce, aligning incentives with the company’s ambitious goals in reusable rocketry, Starlink satellite internet and future Mars missions. Employees at various levels, including those in manufacturing, operations and support roles, have benefited from stock options and grants accumulated over years of service.

The anticipated wealth creation underscores how high-growth technology companies can distribute substantial value beyond top executives. Many SpaceX staff members joined when the company was still a startup facing significant technical and financial risks. Their contributions to milestones like Falcon 9 reusability and Starship development have now translated into life-changing financial outcomes for thousands.

This model of broad-based equity has been praised by supporters as a prime example of capitalism rewarding innovation and hard work. It contrasts with more traditional industries where such widespread wealth creation is rarer. Discussions on social media highlighted the inclusivity, noting that roles from rocket engineers to cafeteria staff stand to benefit.

IPO Details and Market Impact

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SpaceX’s offering is one of the largest in history. The company is selling 555.6 million shares, with underwriters holding an option for an additional 83 million. At the $135 price, Musk’s approximately 42% stake positions him to potentially become the world’s first trillionaire, depending on opening trading performance.

Investor demand has been robust, with reports of the offering being oversubscribed. SpaceX targeted a notably high retail allocation of around 30%, far above typical IPOs, allowing broader public participation. The debut is expected to be volatile, typical for high-profile technology listings, as market makers establish an opening price.

The IPO provides SpaceX with substantial capital to accelerate Starship development, expand Starlink coverage and pursue long-term objectives like interplanetary travel. It also marks a transition to greater public scrutiny and quarterly reporting requirements.

Broader Economic and Social Discussion

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The news has sparked conversations about wealth inequality, employee ownership and the role of innovation in economic growth. Proponents argue that SpaceX’s success demonstrates how visionary companies can create widespread prosperity. Critics raise questions about concentrated wealth and its societal impacts, though the broad employee participation has tempered some criticism.

Comparisons to past industrial revolutions have emerged, with SpaceX’s achievements in reducing launch costs and enabling global connectivity viewed as transformative. The company’s culture of pushing technological boundaries while rewarding contributors at all levels has been highlighted as a model for modern enterprise.

SpaceX’s Journey and Future Outlook

Founded in 2002, SpaceX has grown from a small startup to a leader in commercial spaceflight. Reusable Falcon rockets have dramatically lowered costs, while Starlink provides internet to remote and underserved regions worldwide. NASA contracts for crew and cargo missions to the International Space Station have cemented its role in human space exploration.

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The IPO represents validation of this journey and provides resources for even bolder ambitions. Musk has consistently emphasized making humanity multiplanetary, with Starship designed for missions to the Moon, Mars and beyond.

As trading begins Friday, focus will shift to market reception and SpaceX’s performance as a public company. Strong debut trading could further boost employee morale and attract additional talent, while setting a positive tone for innovation-driven enterprises.

Public Reaction and Sentiment

Social media responses to the millionaire-creation news have been largely positive, with users celebrating the rewards for dedicated workers. Posts emphasized the team effort behind SpaceX’s achievements, from rocket launches to satellite deployments. Many viewed the wealth distribution as a tangible example of capitalism’s potential to uplift individuals who contribute to groundbreaking work.

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The discussion has also touched on broader themes of opportunity, innovation and the American dream in the technology era. While some expressed skepticism about valuation sustainability, the prevailing tone has been one of excitement for those benefiting from years of hard work.

Looking Ahead

SpaceX’s public debut marks a new chapter for the company and its thousands of employees. The projected creation of thousands of millionaires serves as a powerful narrative of shared success in a high-stakes industry.

As markets open Friday, the world will watch to see how investors value one of the most influential companies of the modern age. For SpaceX staff, the IPO represents the culmination of years of dedication and a significant financial reward for helping advance humanity’s presence in space.

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The event underscores the transformative power of private enterprise and the potential for technology companies to create widespread economic opportunity. Whether the stock opens above or below the $135 offer price, the broader story of employee wealth creation will likely endure as a highlight of the offering.

Investors, employees and observers alike anticipate a memorable debut for SpaceX, one that celebrates innovation while highlighting the human element behind groundbreaking achievements. The coming days will provide further insight into market sentiment, but the narrative of thousands of new millionaires already stands as a compelling chapter in the company’s remarkable journey.

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India's 'blue gold' starts a new drinks industry

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India's 'blue gold' starts a new drinks industry

Agave plants grow wild in India and new distillers are using them to create a spirits industry.

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Why is MTU Aero Engines stock rallying today?

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Why is MTU Aero Engines stock rallying today?

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UK signals it may block payout to British Steel owner

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British Steel 'needs nationalising by the summer'

Chinese firm Jingye is seeking compensation after the government decided to nationalise the company.

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