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
Benchmark indices crash 5.5% as FPIs yank out $2 billion
Finance ministry official says not engaged in dialogue regarding it
The new guidelines, came after Sebi's board approved a proposal in this regard in June, will come into force with immediate effect
BNP Paribas said it has a cautious stance on the Indian markets amid lack of positive catalyst for further earnings upgrades amid slowing global demand, lofty valuations and a slowdown in retail flows
FPIs turned net buyers in July after nine straight months of massive net outflows, which started in October last year
The Nifty, on the other hand, ended the session at 17,798, with a gain of 174 points, or 0.9 per cent
The latest reading is well below this year's average of 20.7. Moreover, Monday's 8.8 per cent advance is only the 10th largest seen this year