Foreign portfolio investors (FPI) have so far made a total net investment of Rs 7,575 crore in India so far in September, as per NSDL data.
Sebi on Tuesday introduced an optional T+1 settlement cycle for the markets, with effect from January 1
In August, they invested the highest sum into fast-moving consumer goods (FMCG) stocks, while yanking out money from high-beta sectors such as auto and banking.
Phased, optional transition to T+1 is a pragmatic decision
The provisions of the circular come into effect from January 1, 2022; FPIs stare at challenges
FPIs have the highest allocation to financial stocks at 31.8 per cent, followed by information technology (IT) at 14.67 per cent.
In equities, they invested just Rs 2,082.94 crore while debt segment saw inflow of Rs 14,376.2 crore between August 2-31, depositories data showed.
Both indices added nearly 9 per cent each in August, their best monthly showing since November
The strong showing in August was supported by domestic investor inflows, say experts
Many won't be able to meet commitments that were to be bid in tranches, say experts
Domestic investors may lend support to markets in the event of any intermittent correction, say experts
Business Standard brings the top headlines of the day
Experts called the development unprecedented and attributed it to a possible glitch in the new I-T portal
Moving to a T+1 settlement would necessitate booking foreign exchange on T day or T-1 for local custodians
Top holdings for FPIs at the end of the quarter included HDFC, ICICI Bank and Shriram Transport Finance
FPIs have cornered the bulk of the free float available in sectors such as private banks, real estate, and insurance.
Foreign portfolio investors have made a comeback to India's equities segment and made a net investment of Rs 975 crore in the first week of August
The move comes after the board of Sebi approved a proposal in this regard in June
Nifty50 index closed above the 16,000 mark for the first time, ending the session at 16,123 with a gain of 238 points, or 1.55 per cent
Foreign portfolio investors (FPI) pulled out net investments worth Rs 11,308 crore from Indian equities in July.