Foreign portfolio investors (FPIs) continued to invest in Indian equities for a fourth straight month as they injected Rs 16,405 crore in June so far on the country's strong economic rebound and positive growth outlook. FPI flows touched a nine-month high of Rs 43,838 crore in equities in May, Rs 11,631 crore in April, and Rs 7,936 crore in March, data with the depositories showed. Before that, FPIs had pulled out over Rs 34,000 crore during January-February. "Considering the current investment trend, it is expected that FPIs will continue to show interest in the Indian market throughout the month," Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said. The ongoing economic recovery, positive corporate earnings, and supportive policy environment are likely to sustain the inflow of funds, he added. However, valuation could become a concern as Indian markets continue to surge and stricter regulatory norms could also check foreign money .
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Net buyers of equities worth Rs 37,317 crore in May, highest since Aug 2022
Though no official circular has been issued by the market watchdog, the efforts are being seen in the light of identifying the actual entity operating these FPIs
Foreign investors have put in Rs 30,945 crore in the Indian equities in May so far, driven by strong macroeconomic fundamentals, prospect of reducing interest rates, positive earnings outlook and falling valuations of stocks. With this, net inflows by Foreign Portfolio Investors (FPIs) reached Rs 16,365 crore in 2023 so far, data available with the depositories showed. Going forward, FPI investment in India is expected to continue since the prospects for the Indian economy and corporate earnings growth appear bright now, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to data from the depositories, FPIs invested a net sum of Rs 30,945 crore in Indian equities during May 2 - May 19. This came following a net infusion of Rs 11,630 crore in equities in April and Rs 7,936 crore in March. The March investment was mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. However, if one adjusts for the investmen
This, after 17 quarters of net outflows on the trot; experts attribute change in FPI stance to better valuations in Indian market, strong fundamentals
Highest increase in holding by FPIs in the March quarter
Foreign investors have shown strong buying interest in Indian equities in May and invested more than Rs 23,152 crore in the first fortnight due to lower chances of further rate hikes by the US Federal Reserve, a strong domestic macro outlook and a good earning season. With this, now Foreign Portfolio Investors (FPIs) have become net buyers of equities in 2023 so far by attracting Rs 8,572 crore, data available with the depositories showed. Going forward, FPI flows should remain robust for the rest of the month as the global risk on the environment continues for some more time given that major macro data like the US non-farm payroll numbers and CPI numbers have been mostly in line with market estimates, Manish Jeloka, Co-head of Products & Solutions, Sanctum Wealth, said. "Since the rupee is strong and the dollar is expected to decline in the near term, FPIs are likely to continue buying in India. The improvement in India's macros also favours continued inflows into India," VK ...
Sebi has noted that the DMA facility will also help in implementing better hedging and arbitrage strategies
Capital markets regulator Sebi on Wednesday allowed stock exchanges to extend direct market access facility to foreign portfolio investors (FPIs) for participation in Exchange Traded Commodity Derivatives (ETCDs). The new provision would come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular. Direct Market Access (DMA) facilitates the clients of a broker to directly access the exchange trading system through the broker's infrastructure to place orders without manual intervention by the broker. Also, DMA provides certain advantages to brokers such as direct control over orders, faster execution of orders, reduced risk of errors associated with manual order entry, maintaining confidentiality, lower impact costs for large orders and implementing better hedging and arbitrage strategies. "Based on representations received for enabling DMA facility to FPIs in ETCDs and deliberations by Commodity Derivatives Advisory Committee (CDAC) o
Strong flows into domestic banks even as their developed world counterparts reeled under pressure was underpinned by improved outlook
Sebi may exercise info-sharing rights under IOSCO, MoUs with nations
FPIs sold oil and gas shares worth Rs 564 crore, and realty shares worth Rs 278 crore
Near-term trigger is the strong Q4 results led by revenue growth and expanding margins
The gains come on the back of strong inflows from foreign portfolio investors
Excluding this, FPI activity in equities represents a strong selling undercurrent
FPIs bought equities worth $1.52 billionbetween March 1 and 15, the most since November 2022, according to National Securities Depository data
FPIs have not just built aggressive short positives on the index futures, they have also unwound their long positions in the single stock futures, shows an analysis by Nuvama Institutional Equities