Page 6 - Foreign Portfolio Investors

India's equity lifeboat springs a leak: Highest outflows despite optimism

The benchmark S&P BSE Sensex has rebounded nearly 4 per cent from this month's lows but remains 1 per cent below its record highs

FPIs yanked out $1.8bn from financial stocks amid global risk off

On August 5, FPIs sold shares worth Rs 10,073 crore, marking their third-largest single-day outflow, which led to a 3 per cent drop in benchmark indices

Indian equity markets come off day's highs amid global uncertainties

The Nifty 50 index closed at 23,993, with a decline of 63 points (0.3 per cent). Both indices ended with losses for a third consecutive session.

New demat account additions in July highest in 6 months, shows data

This is the fourth month in this calendar year when the new additions have remained above 4 million

FPIs invest Rs 32,365 cr in equities in July on continued policy reforms

Foreign investors infused Rs 32,365 crore into Indian equities in July on the back of expectation of continued policy reforms and sustained economic growth and better-than-expected earnings season. However, they pulled Rs 1,027 crore from equities in the first two trading sessions of this month (August 1-2), data with the depositories showed. There has been a mixed trend with respect to FPI flows following the budget announcement on increase in capital gains tax on equity investments. Going forward, developments in the US economy and markets will set the trend for FPI in August, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. "Weaker-than-expected employment data along with slowing economy has made it certain that the US Fed is expected to cut rates in September. The more important question here is the extent of cut. Currently, there is strong commentary getting built for maybe a 50 basis points rate cut in interest rates," Vaibhav Porwal, Co-founder

Ireland pips Mauritius to 4th spot on preferred FPI destinations list

Ireland takes the fourth spot with over Rs 4.41 trillion assets under custody

Heavyweights do heavy lifting: RIL, ICICI Bank spur indices to new highs

The Sensex ended the session at 78,674, gaining 621 points or 0.8 per cent, while the Nifty 50 index ended at 23,869, up 147 points or 0.6 per cent

FPIs stock up on long duration papers ahead of JP Morgan bond inclusion

$10.4 billion bond inflows since Sep '23

Sebi relaxes timelines for FPIs to make material event disclosures

Markets regulator Sebi on Wednesday relaxed timelines for disclosure of material changes by Foreign Portfolio Investors (FPIs). The regulator categorised material changes notified by FPIs into two groups. Type I group includes changes that require FPIs to seek fresh registration, or which affect any privileges or exemptions available to such foreign investors and Type II includes all other material changes. In its circular, Sebi said that FPIs are required to report Type I changes within seven working days and provide supporting documents within 30 days and Type II changes require notification and supporting documents within 30 days. At present, FPIs get up to seven working days to submit information to the watchdog with regard to any material change in its structure or ownership or control or investor group. Some of the Type 1 material changes include change of jurisdiction; name change on account of acquisition, merger, demerger, and ownership. Type II is any material changes oth

FPIs domiciled at GIFT City allowed to issue P-notes to investors

Move could boost issuance and drive flows into domestic markets, say experts

BSE now corners a fifth of derivatives market share amid wider acceptance

From 0 to 21% less than a year, the bourse has seen making further stride

Changing complexion: Adani stocks now have prominent investor base

FPIs under question no longer have significant exposure to these stocks

Yield gap between Sensex earnings, 10-year US bond narrowest since 2000

The yield spread narrowed to -0.61 per cent on Monday, a stark contrast to 0.99 per cent a year ago and the 20-year average spread of 2 per cent

Markets last week suffered the worst FPI selling bout of 2024 calendar year

Foreign investors pulled Rs 18,600 crore out of Indian markets last week, the most in 2024, influenced by US economic factors and geopolitical tensions

FPIs in Mauritius to face greater scrutiny after tax treaty revision

Legal experts divided on whether grandfathering will be available for investments before April 2017

HDFC foreign legroom rises but misses index provider MSCI threshold

The rally was on the back of an encouraging business update for the March quarter where HDFC Bank's deposit growth remained robust and the loan-to-deposit ratio fell

Quick settlement

T+0 will benefit retail investors

Ease of doing biz: Market regulator Sebi to relax certain norms for FPIs

Regulator Sebi on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities. In a move aimed at testing the feasibility of the optional T+0 settlement mechanism, a Beta version for a limited 25 scrips and limited brokers will be launched. Sebi will continue to do further stakeholder consultation, including with the users of the Beta version. The progress will be reviewed at the end of three months and six months, after which further course of action will be decided, Sebi said in a release. These proposals were cleared by the Sebi board at its meeting that ended late on Friday. Among other measures, the regulator decided to

Participatory note investment drop to Rs 1.43 trn on high valuations

Overall, the investment through the route saw an upward trend in the last one year with the investment rising from Rs 91,469 crore in January 2023 to Rs 1,49,447 crore in December 2023

'Abu Dhabi Investment Authority acquires SpiceJet shares from open market'

SpiceJet on Monday said Abu Dhabi's sovereign wealth fund ADIA has acquired shares of the airline from the open market. However, the carrier did not disclose specific details. A source close to the airline said Abu Dhabi Investment Authority (ADIA) started buying shares in late February. The no-frills carrier is facing multiple headwinds and is in the process of raising funds. "ADIA has acquired shares of the airline from the open market," a SpiceJet spokesperson said on Monday. In recent weeks, the carrier has raised a total of Rs 1,060 crore through preferential issuance of securities. On December 12, the airline had said it would raise fresh capital of Rs 2,250 crore. Shares of SpiceJet declined 1.50 per cent to Rs 62.58 apiece on BSE. As of February 21, 2024, public shareholders, including Foreign Portfolio Investors (FPIs), held 51.51 per cent stake in the carrier, according to stock exchange data.