Page 7 - Foreign Investors

Foreign investors back India bonds over pricey stocks in tactical bet

For bulls who powered the massive rally, the tactical trade at the moment is to move into the bonds, whose appeal has been further burnished by the nation's improving finances

NTPC to raise up to $750 mn in debt from foreign investors via ECB route

State-owned NTPC Ltd is looking to raise up to USD 750 million (about Rs 6,222 crore) in debt from foreign investors. According to the request for proposal by the company, the proposed facility is being raised under automatic route as permitted under External Commercial Borrowing (ECB) guidelines of the RBI. "NTPC is looking to raise External Commercial Borrowing (ECB) in the form of unsecured term loan...equivalent to USD 500 million plus green shoe option of EUR equivalent to USD 250 million," it said. NTPC said the bids from banks/financial institutions should be a comprehensive, unconditional, firm and fully underwritten offer for the full amount of the proposed facility. Last date to submit the bid is February 21. NTPC, under the Ministry of Power, is the country's largest power producer.

Foreigners turn cautious on India stocks as selling crosses $3 bn

Indian stocks have benefited from global funds' waning appetite for China

UK watchdog confirms scrapping of tougher company internal controls

The FRC has also just been given anew remit to consider Britain's global competitiveness when writing new rules

FPIs turn cautious, pull out Rs 13,000 cr from Indian stocks in Jan: Data

Foreign investors have adopted a cautious approach this month, offloading domestic equities worth Rs 13,000 crore in the first three weeks owing to high valuations of Indian stocks and surging US bond yields. In contrast, foreign investors are bullish on the debt market and injected Rs 15,647 crore in the debt market during the period under review, data with the depositories showed. According to the data, foreign portfolio investors (FPIs) made a net investment of Rs 13,047 crore in Indian equities this month (till January 19). They pulled out over Rs 24,000 crore from equities during January 17-19. Before this, FPIs made a net investment of Rs 66,134 crore in December and Rs 9,000 crore in November. "There are two main reasons why FPIs turned sellers. One, the US bond yield started rising with the 10-year yield rising from the recent level of 3.9 per cent to 4.15 per cent triggering capital outflows from emerging markets," V K Vijayakumar, Chief Investment Strategist at Geojit ...

Quarterly earnings, global trends to guide mkts in holiday-shortened week

Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week, analysts said. It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. Equity markets would also remain closed on Friday for Republic Day. "The interest rate decisions of the BoJ (Bank of Japan) and ECB (European Central Bank), along with the US GDP data, are anticipated to drive the market dynamics," said Vinod Nair, Head of Research, Geojit Financial Services. From the Q3 results front, Axis Bank, JSW Energy, Bajaj Auto, DLF, ACC and JSW Steel would announce their earnings this week. "This is a truncated trading week following a holiday on Monday and on Friday. Traders should stay light as earnings season would get in full swing leading to stock-specific actions largely. Moreover, interest rate decisions of the BoJ and the ECB is due this week

How India's stock and bond markets are turning into an inexorable force

Overseas investors will still have to contend with government policies that benefit from Russia's invasion of Ukraine, especially the purchase of Russian oil at discounted prices

PE investment in Indian real estate down 26% in Apr-Dec 23: Report

Activity by foreign institutions has been subdued due to global geopolitical uncertainty

Markets to track global trends, trading activity of investors: Analysts

Global trends and trading activity of foreign investors would largely dictate terms in the equity markets this week amid a lack of major domestic triggers, analysts said. Markets may face near-term consolidation due to elevated valuations, they noted. "While the previous week was predominantly shaped by developments in the US Federal Reserve policy, attention will now shift to the Bank of Japan's policy decision on December 19," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. Additionally, factors such as crude oil prices and macroeconomic data from both the US and China will wield considerable influence on market dynamics, he added. Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said due to overbought technical conditions, the benchmarks may consolidate in the near term. However, that said, the near-term outlook for the markets continues to be in favour of the bulls, he said. A series of positive news -- September quarter GDP growth rate of 7.6 per ce

Foreign investors turn bullish on Indian stock futures after PM Modi's wins

Overseas funds held 31,549 more long index futures contracts than short contracts as of Thursday, turning to a net bullish position a day earlier for the first time since September

Vedanta Resources to raise $1.25 bn through foreign investors at high rates

While foreign debt typically carries interest rates ranging from 10-12%, Vedanta's loans have been offered at 18% interest rate for three years, beginning in January

Sensex soars nearly 1,400 points this week; Here's what led to the rally

November was a blockbuster month for the Nifty index, which rose 5.5 per cent, the most since July 2022

FPI net investment in debt market in October third highest in CY23

Market participants said that India's bond inclusion in J P Morgan index further aided inflows in the domestic debt market

Q2 earnings, global trends, trading activity to drive market: Analysts

The ongoing quarterly earnings report card of corporates, global trends and trading activity of foreign investors are key factors to drive the momentum in the equity markets this week, analysts said. Moreover, markets would also focus on global oil benchmark Brent crude and the rupee-dollar trend. "On the domestic front, the upcoming release of Q2 earnings report is expected to have a significant influence on market sentiment. If FIIs (Foreign Institutional Investors) shift to net buying, it could further propel the market's upward movement," Swastika Investmart Ltd Head of Research Santosh Meena said. While geopolitical concerns persist, they have had limited impact on the market's overall trajectory, Meena said, adding that the resilience of global markets will be crucial in determining the sustainability of this positive momentum. From the macroeconomic front, the industrial production data is scheduled to be announced on Friday after market hours. "Global and domestic ...

Foreign investors cut holdings of Indian stocks at fastest pace in months

India's benchmark NSE Nifty 50 Index has slipped 3.3% so far this month, faring a little better than the 3.8% decline seen in the broader MSCI Asia Pacific Index

India may not be planning tax changes for bond inclusion in global indices

India is not planning any changes to its tax regime to help Indian government bonds be included on other global indices, a government source said on Wednesday

Pakistan unveils new visa policy to attract foreign investors amid crisis

Pakistan, in a bid to revive its ailing economy, has introduced a new visa policy to attract business communities from across the world to invest in the cash-strapped country. The decision was taken in the two-day consultation meeting held under the Special Investment Facilitation Council (SIFC), a civil-military hybrid body set up by the previous Shehbaz Sharif government to tackle the country's economic woes. Caretaker Prime Minister Anwaar-ul-Haq Kakar, who chaired the fifth apex committee meeting of SIFC, announced in a recorded message that a new easy visa regime has been approved for foreign businessmen desiring to visit Pakistan. He said foreign businessmen who want to visit Pakistan would be issued easy visas on the basis of a single document from their country or international business organisations. If Pakistan's chambers of business or business organisations issue a document to a foreign businessman, easy visas will also be issued to them, the statement quoted caretaker

Foreign investors rush into Indian stocks as locals lie low: Analysis

India is not alone in drawing investors who are disenchanted with China's markets and an economy limping after years of pandemic lockdowns

Foreign investors snap up India stocks while fleeing most EMs in August

Global funds purchased $1.6 billion of Indian shares on a net basis last month through Aug 30, that's even as they withdrew a combined more than $6 billion from Taiwan, South Korea and Indonesia

FPIs invest Rs 10,689 cr on inflation risks in Aug; pace of investment slow

The next Federal Open Market Committee (FOMC) meeting is scheduled for September 19-20