Page 4 - Equities

FPIs to bet on equities; infuse Rs 30,600 cr in first fortnight of July

Foreign Portfolio Investors (FPIs) flow into the Indian equity market remained unabated as they invested over Rs 30,600 crore in the first fortnight of this month, driven by the country's robust economic growth and strong corporate earnings. If this trend continues, investment by FPIs in July will exceed the figures recorded in May and June, which were Rs 43,838 crore and Rs 47,148 crore respectively. With this, inflow in the equity market reached Rs 1.07 lakh crore so far this year, data with the depositories showed. Market analysts are of the view that the outlook for FPI inflows into Indian equities remains quite bright and broad-based. "The concern, however, is the rising valuations which are getting stretched. The valuations in China are hugely attractive now compared to valuations in India and, therefore, the 'Sell China, Buy India' policy of FPIs cannot continue for long, "V K Vijayakumar, Chief Investment Strategy at Geojit Financial Services, said. According to the data,

Rupee climbs to 81.96 against US dollar after gains in domestic equities

The rupee recovered 8 paise to 81.96 against the US dollar in the early trade on Tuesday after gains in domestic equities and a weak greenback in overseas markets. The domestic currency opened higher at 82.02 against the dollar at the interbank foreign exchange market. It moved in a tight range of 81.95 to 82.02 in the early trade. The rupee traded at 81.96 against the US dollar at 9.45 am, registering a gain of 8 paise over the previous close of 82.04. The dollar index, which gauges the greenback's strength against a basket of six currencies, traded lower by 0.07 per cent at 102.63. Crude oil price benchmark Brent crude was up 0.44 per cent at USD 74.51 per barrel. "... 81.75-55 level appears more possible now, and we will switch to upside view if above 82.1 only," Anand James, Chief Market Strategist at Geojit Financial Services, said. In the domestic equity market, the 30-share BSE Sensex rebounded 187.41 points or 0.30 per cent to 63,157.41 points while the broader Nifty adv

Reforms galore, index annual returns in line with the long-term trend

The returns are also below the previous Manmohan Singh-led United Progressive Alliance (UPA) government

Good earning season bring FPIs to India, Rs 23,152 cr investment in May

Foreign investors have shown strong buying interest in Indian equities in May and invested more than Rs 23,152 crore in the first fortnight due to lower chances of further rate hikes by the US Federal Reserve, a strong domestic macro outlook and a good earning season. With this, now Foreign Portfolio Investors (FPIs) have become net buyers of equities in 2023 so far by attracting Rs 8,572 crore, data available with the depositories showed. Going forward, FPI flows should remain robust for the rest of the month as the global risk on the environment continues for some more time given that major macro data like the US non-farm payroll numbers and CPI numbers have been mostly in line with market estimates, Manish Jeloka, Co-head of Products & Solutions, Sanctum Wealth, said. "Since the rupee is strong and the dollar is expected to decline in the near term, FPIs are likely to continue buying in India. The improvement in India's macros also favours continued inflows into India," VK ...

Indian stocks rise on back of earnings, FII buying ahead of US Fed meet

BENGALURU (Reuters) - Indian shares advanced on Tuesday, aided by broader gains across sectors on March-quarter earnings and foreign fund inflows, ahead of the U.S. Federal Reserve's interest rate decision on Wednesday.

Fund Pick: Nippon India Large Cap Fund is a diversified outperformer

The fund's objective is to invest in the top 100 companies by market capitalisation and ensure stability and liquidity in the portfolio while generating alpha

There's little downside in Indian equity markets, says Mahesh Patil

While demand has been softening, commodity price deflation, along with cost control measures by corporates, has prevented severe margin contraction, says Mahesh Patil, CIO, Aditya Birla Sun Life AMC

Mutual funds deploy dry powder to buy the dip in March, shows data

Cash holdings at top 20 asset management companies decline to 5% for month from 6.2% in Feb

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An updated perspective on India

While markets could remain choppy and correct more, thought leaders in the investment world have turned positive

Five IPOs get Sebi go-ahead to raise up to Rs 3,000 cr collectively

The approvals come at a time when capital raising by way of IPOs has slowed to a crawl, with only four issues hitting the market so far this calendar year

Rs 414 cr paid to 34,497 Karvy clients from NSE's investor protection fund

The government on Monday said Rs 414.24 crore has been paid to a total of 34,497 clients of Karvy Stock Broking Ltd (KSBL) from the National Stock Exchange's (NSE) investor protection fund till March 2023. In addition, NSE along with other market infrastructure institutions (MIIs) have also monetised the mutual fund distribution business of KSBL, and funds amounting to Rs 150 crore have been realized and the same is being utilized for distribution to clients of KSBL, Minister of State for Finance Pankaj Chaudhary said in a written reply to Lok Sabha. The case pertains to Karvy unauthorisedly transferring securities of its clients in one of its demat accounts by misusing Power of Attorney (PoA) given to its clients. NSE and BSE suspended trading terminals of KSBL from December 2, 2019 and declared it a defaulter on November 23, 2020 for misusing clients' funds and securities. Moreover, NSE has declared 32 stock brokers as defaulters in the past five years for failing to comply wit

Adani share block deal aids FPI investment in equities turn positive in Mar

After pulling out funds in the past two months, Foreign investors have invested Rs 7,936 crore in the Indian equities in March mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. However, if one adjusts for the investments of GQG in Adani Group, the net flow is still negative, meaning FPIs have withdrawn money even in March, Sanchit Garg, Co-founder & CEO, GLC Wealth Advisor LLP, said. According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the sustained selling by Foreign Portfolio Investors (FPIs) appears to be over, since they have turned buyers in the last few days. "The near-term outlook for FPI looks much more positive now. Even though Indian valuation continues to be relatively high, the recent market correction has made valuations a bit more reasonable than earlier," Vijayakumar said. Moreover, going ahead, FPIs may not turn aggressive sellers due to domestic factors like an impressive turnaround in ...

Flows will chase relative growth outperformance in FY24: Rahul Arora

The US Federal Reserve (Fed) and the Reserve Bank of India (RBI) should hike once more by about 25 basis points each, says Rahul Arora CEO-institutional equities at Nirmal Bang

Mcap of nine of 10 most valued firms jumps Rs 2.34 trillion last week

Nine of the top 10 valued firms together added Rs 2,34,097.42 crore in market valuation amid a positive trend in equities last week, with Reliance Industries emerging as the biggest gainer. The 30-share BSE benchmark jumped 1,464.42 points or 2.54 per cent in a holiday-shortened last week. Equity markets were closed on Thursday on account of 'Ram Navami'. The market valuation of Reliance Industries zoomed Rs 86,317.26 crore to Rs 15,77,092.66 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) added Rs 30,864.1 crore, taking its valuation to Rs 11,73,018.69 crore. HDFC Bank's market valuation rallied Rs 26,782.76 crore to Rs 8,98,199.09 crore and that of Infosys surged Rs 19,601.95 crore to Rs 5,92,289.92 crore. The market capitalisation (mcap) of Hindustan Unilever climbed Rs 18,385.55 crore to Rs 6,01,201.66 crore and that of ICICI Bank advanced Rs 17,644.35 crore to Rs 6,12,532.60 crore. State Bank of India's mcap went up by Rs 16,153.55 crore to Rs 4,67,38

CIO Round Table: 'Debt returns are offering competition to equities'

On the earnings side, the macro drivers are positive. We expect the earnings growth to continue, says SBI Mutual Fund CIO R Srinivasan

Investing in stocks? Dump social media, seek advice from regulated entities

Relying on social media platforms puts you at risk of falling prey to pump-and-dump schemes

Keeping cash handy, expecting better buying opportunities: Aniruddha Naha

'In the latest quarterly results, one thing that stands out is the banks' improved asset quality'

Losing traction: BAFs' dream run halts even as equity market stays volatile

BAFs see outflows for four months on the trot after inflows stayed in the green for two years

Retired couples can earn Rs 8,00,000 from select govt investment schemes

Equities, debt MFs and annuities should also be part of portfolio