Page 8 - Fpi

FPI gross purchases hit a high in 2023 on strong earnings, economic growth

Foreign portfolio investors were net sellers in the first two months of 2023 but turned buyers in March amid moderating valuations

Investor sells 4.5% stake worth Rs 1,281 cr in Apollo Tyres by block deal

The key buyers included Nippon India Mutual Fund, ICICI Prudential Mutual Fund, and Edelweiss Mutual Fund, among others

Sharp improvement in liquidity expected from January 2024: India Ratings

Govt spending, FPI flows to drive liquidity

Forex reserves surpass $600-billion mark after nearly four months

India's foreign exchange reserves increased to USD 604 billion as on December 1, surpassing the USD 600 billion mark after a gap of about four months. The forex reserves were last above the USD 600 billion mark on August 11 this year. "India's foreign exchange reserves stood at USD 604 billion as on December 1, 2023. We remain confident of meeting our external financing requirements comfortably," Reserve Bank Governor Shaktikanta Das said, while unveiling the December bi-monthly monetary policy on Friday. The reserves were USD 597.935 billion in the preceding week ended November 24. In October 2021, the country's foreign exchange kitty had reached an all-time high of USD 642 billion. The reserves took a hit as the central bank deployed the reserves to defend the rupee amid pressures caused majorly by global developments since last year. The governor further said the Indian rupee has exhibited low volatility compared to emerging market economy (EME) peers in the calendar year 2023,

FPIs infuse Rs 9,000 crore in equities in Nov, inflow in debt at 6-yr high

After turning net sellers in the past two months, FPIs again made a comeback in the Indian stock markets in November and pumped in Rs 9,000 crore amid fall in US treasury bond yields and the resilience of the domestic market. Additionally, Foreign Portfolio Investors (FPIs) made a net investment of Rs 14,860 crore in the debt market last month, making it the highest level in six years, data with the depositories showed. Going forward, FPI response will be crucially determined by the market trend, which, in turn, will be influenced by the state election results, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. If the state election results turn out to be favorable for the ruling dispensation, the market will stage a rally, and overseas investors are unlikely to miss that rally by big selling, he added. According to the data, FPIs made a net investment of Rs 9,000 crore in Indian equities in November. This came after FPIs dumped Indian equities worth R

NRIs likely to get bigger play in local equities through GIFT City FPIs

At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent

FPI investment value in Indian equities rises 15% to $651 bn in Sep qtr

The value of foreign portfolio investors' holdings in domestic equities reached USD 651 billion in the three months ended September 2023, which was 15 per cent higher than the year-ago period, according to a Morningstar report. This could be attributed to the good performance of the domestic equity markets as well as strong net FPI inflows. According to the report, the value of FPIs' investments in Indian equities rose from USD 566 billion as of September 2022 to USD 651 billion at the end of September 2023. On a quarter-on-quarter basis, the value of such investment rose 4 per cent from USD 626 billion recorded in the three months ended June this year. Despite the growth, FPIs' contribution to Indian equity market capitalisation fell marginally during the quarter under review to 16.95 per cent from 17.33 per cent in the previous quarter. Picking up from the June quarter, foreign investors continued their buying spree in the Indian equity markets for the most part of the September

Financial stocks account for 50% of FPI selloff in second half of October

The selling pressure was less intense in the broader markets

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

NSE equity cash, derivatives segment turnover sees first fall in 12 months

During the month, the benchmark Nifty came off by as much as 5 per cent as FPIs accelerated their selloff with the 10-year US Treasury yields breaching 5 per cent

Advance-decline ratio skids to 1.02 in October as FPIs step up selloff

The National Stock Exchange (NSE) Nifty Midcap 100 index fell 4.1 per cent, the most since June 2022

Sberbank becomes first Russian bank to register with Sebi as FPI: NSDL

Joins five other from Russia to obtain FPI registration

Advance-decline ratio improves in Sept despite FPI pullout, shows data

Despite the S&P BSE 500 Index dipping nearly a per cent in August, the ADR was at 1.11 amid a strong rally in midcap and smallcap stocks

FPI inflows into domestic debt market down to trickle in September

Net inflows in 2023 highest in six years

Goldman Sachs pays Rs 26.44 lakh to settle FPI violation case with Sebi

Goldman Sachs (Singapore) Pte has settled with capital markets regulator Sebi a case pertaining to certain discrepancies in the monthly ODI (offshore derivative instruments) reporting after paying Rs 26.44 lakh towards the settlement amount. The order came after Goldman Sachs, a registered Foreign Portfolio Investor (FPI) which deals in off-shore derivative instruments, proposed to settle the alleged violations by "neither admitting nor denying" under the settlement rules. "It is hereby ordered that any proceedings that may be initiated for the violations... are settled in respect of the applicant (Goldman Sachs (Singapore) Pte)," the Securities and Exchange Board of India (Sebi) said in a settlement order passed on Monday. In its order, the regulator observed that certain discrepancies in the monthly ODI reporting for the month of March 2022 were identified by the applicant. These were related to a mismatch of investment managers for multi-managed clients with respect to four ODI

Worsening Canada-India diplomatic ties may take a toll on FPI flows

Almost 85 per cent of these investments are in listed equity, while the remaining in debt and hybrid instruments

FPI inflows hit 4-month low at Rs 12,262 cr in Aug on resurfacing inflation

After pouring a whopping amount into Indian equities in the past three months, foreign investors have slowed down the pace of inflow to Rs 12,262 crore in August on higher crude oil prices and resurfacing of inflation risks. "FPIs are adopting a 'wait and watch' approach rather than making a complete U-turn. There continues to be uncertainty in the global economy and the underlying scenario is fast changing. This will make the flows from FPIs volatile," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said. According to the data with depositories, Foreign Portfolio Investors (FPIs) invested a net amount of Rs 12,262 crore in Indian equities in August. This figure includes investment through the primary market and bulk deals, which have been gathering momentum recently. This is the lowest investment in the last four months. Before this investment, FPIs invested over Rs 40,000 crore each in the past three months in Indian equities. The net inflow by FPIs

Sebi mandates granular disclosure for certain FPIs, prescribes timeline

FPIs holding more than 50 per cent of their equity Asset Under Management in a single corporate group will be required to comply with the requirements for additional disclosures

MFs step up buying as FPI flows thin out; other DIIs remain sellers

Invest Rs 7,700 crore in July, highest in four months

FPIs mandated to route 10% market trade in corporate bonds through RFQ

The RFQ is a dedicated platform for debt securities, launched in 2020 by stock exchanges