From domestic MFs' AUM crossing Rs 30 trillion to the landmark LIC and Zomato IPOs and the appointment of India's first woman securities regulator, here are the 9 biggest events for markets since 2021
Greater scrutiny shows that stagnant revenues and unrestrained freebies have left most of them in a perilous position
In July, they were net-buyers after nine consecutive months of selling
National Stock Exchange (NSE) notified that the trade confirmation cut-off for custodians has been revised from 7.30 pm on trade (T) day to 7.30 am the following day of trade (T+1)
On Monday, the FPIs bought shares worth Rs 2,320 crore, according to provisional figures from exchanges
Beyond a near-term reversal, foreign selling and domestic buying of Indian equities may resume
What led to such record outflows? "Rising global central banks' rates, rupee depreciation, expensive valuations and geopolitical risks," says BofA in a note.
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Bilateral exchange rates show a trend different from that against dollar
Foreign portfolio investors and mutual funds have marginally increased stake in Paytm's parent company One97 Communications
Experts say recent returns are a huge factor impacting incremental inflows into the market
FPIs increased their allocations to the oil and gas sector by 44 bps and the power sector by 21 bps
Foreign investors continue to desert Indian equity markets and have pulled out over Rs 4,000 crore this month so far amid steady appreciation of the dollar and rising interest rates in the US
Softening bond yields, moderation in FPI selling boost sentiment; both indices are now up 6% from year's low, but still down over 12% from their record high levels seen last October
The figure is 18% below monthly average for the year; However, sustained inflows into SIPs endured for 16th straight month
Reversal in FPI selling buoys sentiment
Despite a 0.8 per cent fall in heavyweight Reliance, Bajaj twins, HUL, Asian Paints, Maruti, Titan, Kotak Bank and Nestle led the upmove on the Sensex, moving up to 4.8 per cent higher.
In the past fortnight, the average daily selling by overseas funds has moderated to less than Rs 1,400 crore, compared with nearly Rs 3,500 crore in the preceding fortnight
FMCG, construction materials were among other sectors to see large outflow, while metals, power, discretionary consumption and telecom saw inflows
The regulator has also prescribed a working group to examine whether measures towards any additional risk management are required to be prescribed for FPIs