Page 21 - Fii Flows

Sensex down for 4th day, dips 98pts; Nifty below 15,950; PSB, IT worst hit

CLOSING BELL: Axis Bank, HCL Tech, SBI, Tech M, TCS, Wipro, Infosys, and Ultratech Cement were the top large-cap laggards

Global trends, oil, FII movement key drivers for stocks this week: Analysts

Stock markets will be driven by global trends, crude oil movement and foreign institutional investments this week, analysts said, adding that benchmark indices may also face volatility amid the scheduled monthly derivatives expiry. Moreover, the movement in the rupee and the progress of monsoon would also be watched by investors, they added. "Indian markets managed to recover from lower levels after two weeks of sharp cuts thanks to a recovery in global markets and a cut in commodity prices. It seems that this recovery may see a further extension and we can expect a decent rally in the coming days in equity markets," said Santosh Meena, Head of Research, Swastika Investmart Ltd. "Apart from F&O expiry, monthly auto sales numbers and monsoon development will be important triggers," Meena said. Crude oil, rupee movement and FIIs' behaviour will be other important factors, he added. Ajit Mishra, VP - Research, Religare Broking Ltd, said, "We expect volatility to remain high this week

UBS expects retail flows into equity markets to slow amid rising rates

Meanwhile, the $23 billion net selling by FIIs (equity) in the Indian market year-to-date (YTD), is, when adjusted for FII AUM, the most intense in over a decade-surpassed only by the GFC, UBS said

FII ownership of NSE 500 stocks at 3-year low: BofA Securities

Given the multiple headwinds, BofA Securities expects markets to be sideways the near-term given inflation impacting volume growth and margins across several sectors

Equities to remain attractive bet in FY23: Srinivas Rao Ravuri, PGIM India

Despite record outflows of Rs 1.42 trillion in fiscal 2021-22 (FY22), PGIM India MF sees India as an attractive destination for foreign investors considering the long-term structural growth story.

Foreign investors likely to return to Indian equities soon: Chris Wood

Foreign portfolio investors exited India in droves and have sold stocks since October 2021 amid fears of an earlier and faster-than-expected rate hike by the US Federal Reserve (US Fed)

Foreign investors in retreat mode across most emerging markets

Analysts at Morgan Stanley see EM equities 'struggling' in 2022 as they battle gradual tightening of global and local monetary conditions and several other idiosyncratic headwinds

Some capital will flow out of India if US Fed does any tapering, warns IMF

Says forex reserve are adequate and inflation is down, but must be watched due to supply bottlenecks; cuts potential medium term growth by 25bps to 6% due to Covid impact

Global rout sends Sensex 525 pts lower; metal index tumbles 7%, PSU bank 4%

Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space

Sensex ends lacklustre session 29 points down; broader indices outperform

Top Nifty gainers included Kotak Mahindra Bank, Powergrid, Grasim and BPCL, among others

Sensex snaps 3-day winning run, slips 17 pts; Realty index sheds 2%, IT 1%

Investors looked to lock in gains after the recent rally but most dips were bought into, which left indices unchanged at close.

RIL, IT stocks drive Sensex to fresh closing high, up 167 pts; VIX jumps 4%

The domestic benchmark indices extended their gains to the third day in a row on Monday

Markets could consolidate at current levels: Harshad Patil, Tata AIA Life

The consensus earnings for the current fiscal (FY22) are projected to grow by an outsized 35-40 per cent on the back of a relatively weak earnings profile in the previous year, he said

Risk-reward in the market appears evenly balanced: Taher Badshah, Invesco MF

The overall economic and market set up is conducive for the mid-market segment to continue doing well, he said

FII flows into India may take a hit in short-term: Kenneth Andrade

While we remain an economy, which has its own strengths and weaknesses, capital flows remain democratic and in the near term they will behave in a synchronous manner

FII flow into Indian equities likely to moderate in FY22: Analysts

Besides India, experts say given the robust broad-based economic recovery, FIIs/FPIs can look towards China. Other emerging markets, they say, are yet to recover from the pandemic-induced sluggishness

Rupee breaks past 75-mark vs US dollar, hits lowest level since Aug 2020

The domestic unit slipped to 75.13 versus the US dollar, a level seen in August last year

Nomura sees Nifty at 15,340 by March'22; sees risks to FII flows in FY22

Markets, Nomura believes, are dealing with three headwinds - the resurgence of Covid-19 cases; inflationary pressure with the rise in commodity prices; and rich valuations

India gets highest-ever FII inflows of $37.6 billion in financial yr 2021

India recorded the highest ever FII inflows of $37.6 billion in financial year 2021, greater than the cumulative inflows of the last six years

Beware! These risks may halt the current bull-run in the markets: Analysts

FM Nirmala Sitharaman announced Rs 1.18 trillion-financial allocation for the highways sector in Budget 2021. However, any delay in roll out of such growth-driven projects may wear-off the bull-run