Page 74 - Indian Equities

Eicher Motors, BoI, Piramal Pharma among seven stocks to track on May 13

Stocks to watch on May 13: Eicher Motors' consolidated profit after tax stood at Rs 1,070 crore for the fourth quarter ended March 2024 (Q4FY24), on the back of higher sales

FPI shareholding in NSE companies at lowest in 11 years, shows data

Gap between FPI, DII narrows to new low of 163 bps

FPIs get cautious amid ongoing Lok Sabha polls; inject Rs 1,156 cr in May

Foreign investors have adopted a "wait and watch" stance amidst the ongoing general elections and have infused just Rs 1,156 crore in the first two trading sessions of this month. This came after FPIs dumped equities worth Rs 8,700 crore in April, on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February. In the two days of trading in May, Foreign Portfolio Investors (FPIs) have invested Rs 1,156 crore in equity and sold Rs 1,726 crore in debt, data with the depositories showed. "With general elections in full swing in India, foreign investors have adopted a wait and watch approach, until the election results are out," Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, said. Additionally, a mixed batch of US data has barely shaken the perceptions that the economy remains robust, indicating that

BoFA, CLSA, Motilal Oswal: Why are these brokerages bullish on Star Health?

In the quarter-ending March (Q4FY24) results, Star Health's net profit jumped 40 per cent to Rs 142.3 crore, as against Rs 101.8 crore in the same quarter a year ago

Disappointment in Lok Sabha poll outcome will be short-lived: Pradeep Gupta

The Indian markets appear to be expensive, on an absolute basis, with 1-year forward valuation at 20 times. The overall risk/reward ratio, thus, seem unfavourable on a historical basis, Gupta said

Pre-election rally has more legs; stay cautious in small-caps: Apurva Sheth

The Sensex to SmallCap ratio is trading near its lowest levels since 2008. This means that smallcaps have outperformed relative to large-caps, Apurva Sheth said in this interview

FPIs dump Indian equities worth Rs 6,300 cr in Apr as US bond yields rise

Foreign investors pulled out domestic equities worth Rs 6,300 crore in April on concerns over tweaks in India's tax treaty with Mauritius and sustained rise in US bond yields. This came following a whopping net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, data with the depositories showed. Foreign Portfolio Investors (FPIs) made a net outflow of Rs 6,304 crore in Indian equities this month (till April 26), the data showed. "The trigger for this renewed FPI selling, in both equity and debt, is sustained rise in US bond yields. The 10-year bond yield now stands at around 4.7 per cent, which is hugely attractive for foreign investors," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. While the tweak in India's tax treaty with Mauritius on investments made in India via the island nation continues to bother foreign investors, weak cues from the global markets with uncertain macro and interest rate outlook didn't augur well for ...

FPIs withdraw over Rs 5,200 crore in April so far from domestic equities

Foreign investors dumped domestic equities worth over Rs 5,200 crore in April so far on concerns over tweaks in India's tax treaty with Mauritius, which would now impose higher scrutiny on investments made here via the island nation. This came following a staggering net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, data with the depositories showed. According to the data with the depositories, Foreign Portfolio Investors (FPIs) made a net outflow of Rs 5,254 crore in Indian equities this month (till April 19). The major trigger for FPI selling was the tweak in India's tax treaty with Mauritius, which would now impose higher scrutiny on investments made in India via the island nation, Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, said. The two nations have reached a consensus on a protocol amending a double taxation avoidance agreement (DTAA). The protocol specifies that tax relief cannot be utilized for th

FPIs infuse Rs 13,300 cr in April so far amidst bullish economic outlook

Foreign investors have infused over Rs 13,300 crore in Indian equities in the first two weeks of the month owing to a resilient domestic economy with promising growth prospects. Going ahead, concerns over changes in India-Mauritius tax treaty will weigh on Foreign Portfolio Investor (FPI) inflows in the near-term till clarity emerges on details of the new treaty, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Another major concern is the surcharged geopolitical situation in the Middle East with heightened tensions between Iran and Israel. These will keep the markets on tenterhooks in the near-term, he added. Since domestic institutional investors (DIIs) are sitting on huge liquidity and the retail and HNIs in India are highly optimistic about the Indian market, FPI selling will be largely absorbed by domestic money. According to the data with the depositories, FPIs made a net investment of Rs 13,347 crore in Indian equities this month (till April ...

Hong Kong regains fourth-largest market spot after rout in Indian equities

India cedes position as broader market rout shaves off $180 bn in mcap; China & Hong Kong markets have rebounded over 12 per cent

There appear to be no US excesses for severe contraction: Bruce Phelps

In the US market, one major challenge is high rates on short-term deposits, standing at 5 per cent, a vast improvement from 0 per cent returns that investors endured for many, many years, Phelps said

FPIs infuse over Rs 40,000 cr in Indian equities on strong economic growth

FPIs came back strongly to invest in the Indian equity markets, buying shares worth Rs 40,710 crore in the first fortnight of the month amid an improvement in the global economic landscape and robust domestic macroeconomic outlook. The inflows came following a modest investment of Rs 1,539 crore in February and an outflow of Rs 25,743 crore in January, data with the depositories snowed. FPIs have been changing their strategy in response to the changes in the bond yields in the US. Therefore, now that US bond yields have again spiked up in response to stubborn inflation, they may again turn sellers in some of the days, going forward, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. In March, Foreign Portfolio Investors (FPIs) turned big buyers but this figure includes some bulk deals executed through the stock exchanges and, therefore, is not a true indicator of FPI activity. However, the rising trend of FPI investment continues, he added. "The ...

FPIs inject over Rs 6,100 cr in equities in March on strong economic growth

Foreign Portfolio Investors (FPIs) are turning steady buyers as they bought Indian equities worth Rs 6,139 crore so far this month driven by strong economic growth, market resilience and decline in US bond yields. This came following a modest investment of Rs 1,539 crore in February and massive outflow of Rs 25,743 crore in January, data with the depositories snowed. "FPI inflows have shown a positive trend as compared to the previous month. Thanks to the recent announcement of Q3 GDP numbers at 8.4 per cent, persistence performance of large Indian corporates being major factors for turning the tide green for the Indian equity market," Manoj Purohit, Partner and leader - FS Tax, Tax and Regulatory Services, BDO India, said. On the regulatory front, announcements such as removal of UAE from the grey list, Sebi's consultation paper for easing disclosures norms for regulated FPIs have been the major catalysts to put India on the forefront for potential long term investments for the ...

FPIs reverse trend; inject Rs 1,500 crore into Indian equities in Feb

Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed. Looking ahead to March, the outlook for FPI flow appears promising, provided the current economic trajectory and corporate performance sustain their positive momentum, potentially continuing to attract foreign investment into Indian equities, Mayank Mehraa, smallcase manager and principal partner at Craving Alpha, said. According to the data, FPIs invested a net sum of Rs 1,539 crore in the Indian equities in February. This came following a net withdrawal of Rs 25,743 crore in January. The latest influx can be attributed to robust corporate earnin

FPIs' investment value in equities jumps 13% to $738 bn in Dec quarter

The value of FPIs (Foreign Portfolio Investors) holding in Indian equities reached USD 738 billion in the three months ended December 2023, marking a surge of 13 per cent from the preceding quarter, driven by the strong performance of the domestic stock market, according to a report by Morningstar. The value of FPIs investment was at USD 651 billion in the September quarter of the current fiscal. On a year-on-year basis, the value of such investments rose 26 per cent from USD 584 billion in December 2022. "This could be attributed to the good performance of the domestic equity markets as well as strong net inflows from FPIs," the report noted. However, FPIs' contribution to Indian equity market capitalisation fell marginally during the quarter under review to 16.83 per cent from 16.95 per cent in the previous quarter. After withdrawing USD 5.38 billion in the September quarter, foreign investors were net buyers in the Indian equity markets to the tune of USD 6.07 billion in the th

FPIs take out Rs 24,700 cr from equities on rising bond yields in US

Foreign Portfolio Investors (FPIs) have dumped Indian equities worth Rs 24,700 crore so far this month, owing to surging bond yield in the US. On the other hand, they are bullish on the debt market and infused Rs 17,120 crore in the debt market during the period under review, data with the depositories showed. According to the data, Foreign Portfolio Investors (FPIs) made a net investment of Rs 24,734 crore in Indian equities this month (till January 25). Before this, FPIs made a net investment of Rs 66,134 crore in the entire December and Rs 9,000 crore in November. "The rising bond yields in the US is a matter of concern and this has triggered the recent bout of selling in the cash market," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. "The rally in global stock markets was triggered by the Fed pivot which saw the 10-year bond yield falling from 5 per cent to around 3.8 per cent. "Now the 10-year bond is back at 4.18 per cent which indicates t

Rs 8 trillion wiped out as markets shed 1.5%; Zee shares slump 30%

Selloff led by banks, oil and gas stocks, FMCG, and metals

FPIs turn cautious, infuse Rs 3,900 cr in Indian equities during Jan 1-12

Foreign Portfolio Investors (FPIs) have adopted a cautious stance and put around Rs 3,900 crore in Indian equities in the first two weeks of this month, against the backdrop of uncertainty over the interest rate scenario. The investment has slowed down compared to Rs 66,134 crore attracted in the entire December. Before that, FPIs invested Rs 9,000 crore in November. According to data with the depositories, foreign investors made a net investment of Rs 3,864 crore in Indian equities this month (till January 12). The latest investment pattern could be largely attributed to investors booking profit with Indian equity market trading near its all-time high level, said Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Adviser India. Moreover, uncertainty over the interest rate scenario could have also prompted them to stay on the sidelines and wait for further cues, before taking investment decision with respect to investing in emerging markets like Ind

Bandhan MF launches multi-asset fund with 50% equities allocation

Multi-asset allocation funds have been the 'flavour of the season' in the hybrid space in financial year 2024 as fund houses have rushed to launch the product post the change in debt fund taxation

FPIs inject Rs 1.7 trn into Indian equities in 2023, uptick in flows in Dec

In a remarkable comeback, foreign portfolio investors (FPIs) have pumped Rs 1.7 lakh crore into the Indian equity markets in 2023, propelled by confidence in the country's robust economic fundamentals amid a challenging global landscape. The year 2023 has witnessed massive investment by FPIs, thanks to the sharp uptick in inflows of Rs 66,134 crore in December. Going forward, FPI flows are expected to be robust. However, their allocation is likely to be selective, said Kislay Upadhyay - smallcase Manager and founder of Fidel Folio. Anticipating a continued decrease in the US interest rates throughout 2024, it is likely that FPIs are likely to increase their purchases, especially in the early months of the New Year in the run-up to the general elections, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. In 2023, FPIs made a net investment of Rs 1.71 lakh crore in equities and Rs 68,663 crore in the debt markets. Together, they infused Rs 2.4 lakh crore