Investors spooked even as regulators try to limit damage; Safe-haven assets gain
On a year-to-date basis, FPIs have been net sellers to the tune of Rs 20,606 crore
Equity markets would be mainly driven by global trends and foreign fund trading activity in the holiday-shortened week, analysts said. The BSE and the National Stock Exchange have listed March 7 (Tuesday) as a holiday on account of Holi. However, stock brokers' association ANMI has urged the government, exchanges and Sebi to shift the holiday to March 8 from March 7. "Indian stock markets may remain volatile amid fear that the US FED will keep raising interest rates to control inflation. Rising US bond yields and macroeconomic numbers will keep the market mood subdued in the near-term. "Investments by FIIs, who are turning out to be small net buyers at the margin, and DIIs will be monitored," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. On the global front, the Bank of Japan will decide on interest rates and the US macroeconomic data (US nonfarm payrolls and unemployment rate) will be scheduled for release on March 10, while on the domestic front, India's
Adani-related flows, weaker dollar index push Rs up to one-month high
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