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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Fed, FPIs & Budget Watch | Indian Equities The Fed Held, the Foreign Funds Flinched, and Delhi Is Listening: Where Indian Equities Go From Here The Fed held at 3.75%–4.00% on a 10–2 vote. FPIs have sold a record ₹3.07 lakh crore through 23 October. Delhi is reportedly weighing an LTCG cut. And on 27 October, the Nifty Smallcap 100 jumped 2.70% in a single session. Wednesday, 28 October 2026, gave Indian markets a rare thing: a day without a nasty surprise from Washington. The Federal Reserve kept its policy rate unchanged at 3.75%–4.00%. Nifty closed at 22,698.85, down just 0.22%, after Sensex had been down nearly 1,000 points at the intraday low. Then came the numbers that matter more. According to provisional NSE data, FII/FPIs were net buyers on the day. Across NSE, BSE and MSEI combined, they bought a net ₹871.83 crore, against DII net buying of ₹643.35 crore. It is one session, and it f...
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The curious case of Reliance Naval and Engineering Ltd. 
Photo: Pluspng
The stock of Reliance Naval and Engineering Ltd  (Rs.1.35) has been hitting UCs since some days. 

But,  surprisingly the lenders of Reliance Naval and Engineering Ltd (RNEL), a part of Anil Ambani Group, have sought expressions of interest from buyers for the sale of private shipbuilder under the Insolvency and Bankruptcy Code.

It being put to sale to recover outstanding loans of Rs.43,587 crore. The last date for submission of expressions of interest (EoIs) is June 27, 2020 while the final list of prospective resolution applicants will be issued on July 17, 2020 according to an EoI offer notice issued by the resolution professional (RP).

The company is now the second firm from the Anil Ambani Group to face insolvency after Reliance Communications Ltd.

On 20/05/2020, there were media reports that YES Bank sold 2,57,00,000 shares of Reliance Naval and Engineering at Rs.1.10 per share.

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