This was way higher than a net investment of nearly Rs 5,000 cr by Foreign Portfolio Investors in entire July, data with depositories showed
Level last seen on Apr 5; indices up 17% since June 17 lows
As inflationary pressures unbind, corporate earnings growth will draw level, says Vinit Sambre, head-equities, DSP Investment Managers
Zee Entertainment Enterprises (ZEEL) has the biggest decline in foreign portfolio investor (FPI) holding among BSE 200 companies
Average stake down 40 bps from previous quarter at 22%
Set to approach Sebi, finance ministry for clarification
What led to such record outflows? "Rising global central banks' rates, rupee depreciation, expensive valuations and geopolitical risks," says BofA in a note.
Fin Nifty ADTV is still a fraction of the flagship Nifty and Bank Nifty indices, which have clocked an ADTV of Rs 40,000 crore this year
Drop in number of firms invested in comes even as MFs' overall holding in stock market has been rising
The rupee has already lost 0.5% to the greenback this week, taking the depreciation for 2022 so far to 6.7%
The RBI announced five measures on July 6 to further liberalise foreign exchange. The measures are aimed at creating a more enabling environment to attract dollars through banking deposits, ECB, FPI
Experts say recent returns are a huge factor impacting incremental inflows into the market
Treasury officials believe the move may not work as rising interest rates abroad and high domestic inflation have eroded returns from Indian fixed-income assets
Softening bond yields, moderation in FPI selling boost sentiment; both indices are now up 6% from year's low, but still down over 12% from their record high levels seen last October
The regulator has also prescribed a working group to examine whether measures towards any additional risk management are required to be prescribed for FPIs
At its board meeting, the watchdog also cleared amendments to regulations governing mutual funds and portfolio managers.
The long-awaited move is aimed at boosting liquidity and efficiency at domestic commodity bourses, even as concerns remain if this would make markets more volatile
In all, funds tracked by EPFR saw net outflows of $1.2 billion, accounting for nearly a fourth of $5.2 billion outflows by FPIs in May
Buying in IT stocks - spurred by a global trend - accounted for the bulk of the gains in the benchmark indices
Experts said a fall in oil prices and other key commodities are a silver lining in the domestic market