Page 6 - Equity Market

FPIs pour Rs 57,300-cr in equities in Dec on account of political stability

Foreign portfolio investors (FPIs) have injected over Rs 57,300 crore into the Indian equity markets this month so far owing to political stability, robust economic growth, and a steady decline in the US bond yields. With this, total investment by FPIs surpassed Rs 1.62 lakh crore this year. Going forward, the New Year is expected to witness declines in U.S. interest rates, and FPIs are likely to increase their purchases in 2024, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data, FPIs made a net investment of Rs 57,313 crore in Indian equities in this month (till December 22). This was the highest monthly inflow by them in a year. This came following a net investment of Rs 9,000 crore in October. Before this overseas investors withdrew 39,300 crore in August and September, data with the depositories showed. The robust inflow from FPIs into the Indian stock markets can be attributed to various factors. Primary among these are .

Mutual funds bounce back in 2023 with Rs 9 trillion surge in asset base

The mutual fund industry has bounced back strongly this year after a lacklustre 2022 with a remarkable Rs 9 lakh crore surge in the asset base, propelled by a buoyant equity market, stable interest rates and robust economic expansion. Experts believe that the positive momentum should continue into the near year as well. With a substantial increase, the overall inflow this year has reached Rs 3.15 lakh crore, accompanied by a growth of over 2 crore in the investor count. This was supported by the increasing popularity of Systematic Investment Plans (SIPs), which drew in Rs 1.66 lakh crore, according to the data shared by the Association of Mutual Fund Industry (Amfi). The inflow has pushed the assets under management (AUM) of the mutual fund industry by 23 per cent or Rs 9 lakh crore in 2023, the data showed. This was way higher than the 7 per cent growth and Rs 2.65 lakh crore increase in AUM observed throughout 2022, as well as the nearly 22 per cent growth and close to Rs 7 lakh .

Markets pause after posting their longest winning streak in three years

Investors on Monday were mostly chasing stocks which offer some value vis-a-vis their peers

Commercials back rupee-denominated borrowing: HSBC India's Amitabh Malhotra

"Given cross-currency hedging rates, the borrowing cost in dollar terms would be significantly more for companies that do not have a natural hedge"

Financial sector stocks, new listings take centerstage in November for MFs

The equity market witnessed a sharp rally last month. The benchmark Nifty50 rose by 5.5 per cent, the most since July 2022

Rs 20 trillion & rising: AUM of active equity mutual funds surges

The industry's overall AUM rose 5 per cent to Rs 49 trillion, largely owing to the value appreciation of equity holdings

UBS is underweight on Indian equities within EM/Asia: Sunil Tirumalai

Valuations in India, he said in this interview, are pricing a lot more 'sentiment' premium than what fundamentals of the stocks can explain

What is sustaining the flow of IPOs, defying equity market turbulence?

IPO investors withdraw from the market when large hyped-up issues fail to give the desired returns. That makes fundraising difficult, say experts

Betting on domestic-driven sectors amid global headwinds: Manish Gunwani

The quarterly results have been mixed until now, with information technology (IT) and consumer sectors being a bit weak while financial has been quite healthy, said Gunwani

NSE equity cash, derivatives segment turnover sees first fall in 12 months

During the month, the benchmark Nifty came off by as much as 5 per cent as FPIs accelerated their selloff with the 10-year US Treasury yields breaching 5 per cent

Geopolitical risks

Domestic drivers will support equity markets

Indices snap two-day gain; settle lower; Nifty declines over 61 points

Titan, Kotak Mahindra Bank, Asian Paints, HCL Technologies, Tech Mahindra, NTPC, Nestle and Power Grid were the major gainers

Invest in multiple single-factor funds with a 7 to 10-year horizon

Timing entry and exit in a single-factor fund is impossible

Mkts slump, oil prices rise on West Asia turmoil; Sensex, Nifty drop 0.7%

The Sensex ended the session at 65,512, a decline of 483 points or 0.7 per cent. The Nifty closed the session at 19,512, a drop of 141 points or 0.7 per cent

Over 3 million demat accounts opened in Sept for second consecutive month

The country's two depository firms, Central Depository Services and the National Securities Depository, added about 3.1 million new accounts

Current market action looks similar to October 1987 crash: Chris Wood

The 10-year Treasury bond yield rose by 203 basis points (bps) from 8.2 per cent on 17 June, 1987 to 10.23 per cent on 15 October, 1987

Fintech firm Bright Money raises Rs 515 cr in equity, debt funding

Fintech firm Bright Money on Wednesday said it has raised USD 62 million (about Rs 515 crore) round of funding from a clutch of investors. It has about 95 per cent of employees in India. The funding includes USD 50 million in debt from Encina Lender Finance and USD 12 million in equity led by Alpha Wave, Hummingbird, and PeakXV, Bright Money said in a statement on Wednesday. Encina Lender Finance provides lending solutions to consumer and commercial speciality finance companies across the US and Canada. "The funding will be deployed towards building robust teams across product development, technology, analytics, and support functions like compliance and customer service," Bright Money co-founder and Co-CEO Petko Plachkov said in the statement Bright Money app helps consumers get out of debt, with the power of AI and machine learning. The mobile app combines all the technology needed to manage and get rid of debt. The company offers credit score building, automated debt paydown pl

Demat accounts grow 26% to 127 mn in Aug on returns from equity markets

The number of demat accounts rose to 12.7 crore in August 2023, a surge of 26 per cent on a yearly basis, primarily due to attractive returns from equity markets, and ease of account opening process. Also, the incremental additions of such accounts were higher in August in comparison to the preceding month. Further, this was way higher than the average 21 lakh monthly additions in fiscal year FY23, according to an analysis by Motilal Oswal Financial Services. The new account additions rose 4.1 per cent month-on-month to 31 lakh in August compared to 30 lakh additions in July. Going by the data, a total of 12.7 crore demat accounts were registered with the two depositories -- NSDL and CDSL-- at the end of August 2023 as compared to 10.1 crore a year earlier. The number of demat accounts was 12.3 crore at July-end. Of the 12.7 crore total, 3.3 crore, and 9.35 crore demat accounts were registered with NSDL and CDSL, respectively at the end of August, data from the Securities and ..

FPIs take out Rs 4,800 cr from equities in first fortnight of September

Foreign portfolio investors (FPIs) have pulled out close to Rs 4,800 crore from equities in the first fortnight of September on rising US bond yields, a stronger dollar, and concerns over global economic growth. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. In the coming days, FPIs are likely to press sale as the market is at record highs and valuations are high, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. "With high bond yields in the US (the 10-year is at 4.28 per cent) and the dollar index above 105, FPIs are likely to sell more," he added. According to the data with the depositories, Foreign Portfolio Investors (FPIs) pulled out a net sum of Rs 4,768 crore from the equities so far this month (till September 15). This figure includes bulk deals and investments through the primary market. This came after FPI investment in equiti

Equity MF inflows hit 5-month high on record SIP run, easing outflows

Numbers reflect 'Indian investors' long-term approach to building wealth', says Amfi