FPI holding rose to 20.18%, reinforced by Rs 47,349-crore inflows
One of the prominent reasons for this net outflow is higher valuation of Indian equities as against some of the other comparable markets
Global economic factors such as inflationary pressures, monetary tightening by central banks, and recessionary fears in advanced economies exerted pressure on FPIs to sell in Indian markets, Economic Survey 2022-23 said on Tuesday. In addition, investors were sitting on gains from Indian stocks that could be realised to offset losses elsewhere, the survey noted. These factors led to foreign portfolio investors (FPIs) pulling out a net amount of Rs 16,153 crore from the Indian capital markets during April-December FY23 as compared to an outflow of Rs 5,578 crore in the year-ago period, with both equity and debt segments witnessing net outflows. Segment-wise, FPIs made a net withdrawal of Rs 11,421 crore from equity markets and Rs 12,400 crore from debt markets. On the other hand, they invested a net amount of Rs 8,662 crore through debt Voluntary Retention Route (VRR) during the period under review. However, on account of strong macroeconomic fundamentals of the Indian economy and
Rising credit growth, falling NPAs responsible for the pivot
FPIs have turned sustained sellers in the Indian market and sold for 11 consecutive days taking cumulative selling to Rs 14,300 crore, says V.K. Vijayakumar
FPIs sold shares worth Rs 2,902 cr, according to provisional data from exchanges
The biggest decline in two months; FPIs sell shares worth Rs 711 cr
About 1.8 million new accounts added, 20% below monthly average for calendar 2022
Capital markets regulator Sebi has restructured its advisory committees pertaining to foreign portfolio investors (FPIs) and social stock exchange. Rejigging its FPI Advisory Committee, Sebi has said former finance secretary Hasmukh Adhia will now chair the 16-member panel. It was earlier headed by K V Subramanian, former chief economic adviser to the government of India. Chew Hai Jong, Managing Director at GIC, and Michael Drumgoole, Managing Director - Direct Custody and Clearing at JPMorgan, are the new inductees, an update with the Securities and Exchange Board of India (Sebi) showed. Earlier, Madhav Kalyan of JPMorgan Chase Bank, was part of the 15-member committee formed by Sebi in August. The committee has been entrusted with the task of advising the capital markets regulator on measures to facilitate ease of doing business by FPIs in India as well as encourage their participation in the bond market. Other terms of reference of the committee include review investment avenue
Primary market momentum seen sustaining in an otherwise 'lacklustre' month
Varun Beverages, Tube Investments, IHCL seen as potential inclusions
Cash market turnover fell almost 20% in October as rally take traders by surprise
Country attractive for global investment because of 'visibility for high growth', says head of Institutional Equities, Investec India.
The Sensex ended above 60,000 and the Nifty above 18,000 for the first time since September 14
Overseas funds dumped Rs 4,081 crore worth of shares of companies in the financial services sector, while IT shares worth Rs 1,665 crore were sold, according to data collated by primeinfobase.com
Sustained selling by FPIs increases investment legroom to 22% at the end of September 2022 quarter
With this, the total outflow by Foreign Portfolio Investors (FPIs) has reached Rs 1.75 trillion so far in 2022, data with the depositories showed
The flows from FPIs have been inconsistent over the last few months as they kept on changing their stance frequently tracking the fast-changing investment scenario
The selling dragged the BSE Financial Services index by 4.7 per cent in the last two weeks of September.
US markets surge after worst September in two decades