Page 75 - Indian Equities

Equity market investors turn wealthier by Rs 80.62 trillion in 2023

In a memorable year for the equity market, Dalal Street investors added a whopping Rs 80.62 lakh crore to their wealth in 2023 as a raft of positive factors powered a stellar rally in stocks. Experts said India's strong macroeconomic fundamentals, political stability owing to the BJP's success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next year and heavy retail investors participation played a major role in fuelling the stock market rally in 2023. Till December 28 this year, the 30-share BSE Sensex has jumped 11,569.64 points or 19 per cent. The market capitalisation of BSE-listed companies has climbed sharply by Rs 80,62,310.14 crore so far this year to reach an all-time high of Rs 3,63,00,558.07 crore. At the close of trade on Thursday, the market valuation of BSE-listed firms reached the lifetime high. The Indian market has demonstrated resilience, emerging as one

TMS Ep577: Assembly election results, PMGKAY extension, Santa rally, COP28

What do the five assembly election results reveal? Has the govt budgeted enough for free foodgrain scheme? Will Indian equities see a Santa rally this December? What is COP28? All answers here

Analysts suggest hedging India equity portfolio before state poll results

India's blue-chip Nifty 50 index, hovering near record highs, has rallied 5% in November and is up 11% this year. It was at 20,044.6 at 12:40 p.m. IST

FPIs reverse selling trend ; invest Rs 378 crore in equities in Nov

Foreign Portfolio Investors (FPIs) have pared their bearish stance on Indian equities during November as they made a net investment of Rs 378 crore on the sharp decline in US treasury bond yields. This came after FPIs dumped Indian equities worth Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Overall, the cumulative trend for 2023 remains healthy, with FPIs pouring in Rs 96,340 crore so far this calendar year. "On the way ahead, we think that improving risk appetite in the EM (emerging markets) and falling risk-free yields in the US will draw FPI flows towards India," Hitesh Jain, Strategist, Institutional Equities Research at YES Securities India, said. According to the data, FPIs made a net investment of Rs 378.2 crore in Indian equities this month (till November ...

FPIs turn buyers; invest Rs 1,433 cr in equities in November so far

After sustained selling in the last two and a half months, FPIs bought Indian equities worth Rs 1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices. Foreign Portfolios Investors (FPIs) were net sellers till November 15. However, they reversed the selling trend by infusing money during November 16-17, data with the depositories showed. "The ongoing festive season in India has been seen as a contributing factor to the renewed interest of FPIs in the Indian market. Alongside this, a decrease in US Treasury bond yields and a decline in crude oil prices alleviated some of the pressures that prompted the sell-off earlier," Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Adviser India, said. Some intermittent corrections in the markets could have also provided buying opportunities in a few pockets, Srivastava added. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the .

FPI investment value in Indian equities rises 15% to $651 bn in Sep qtr

The value of foreign portfolio investors' holdings in domestic equities reached USD 651 billion in the three months ended September 2023, which was 15 per cent higher than the year-ago period, according to a Morningstar report. This could be attributed to the good performance of the domestic equity markets as well as strong net FPI inflows. According to the report, the value of FPIs' investments in Indian equities rose from USD 566 billion as of September 2022 to USD 651 billion at the end of September 2023. On a quarter-on-quarter basis, the value of such investment rose 4 per cent from USD 626 billion recorded in the three months ended June this year. Despite the growth, FPIs' contribution to Indian equity market capitalisation fell marginally during the quarter under review to 16.95 per cent from 17.33 per cent in the previous quarter. Picking up from the June quarter, foreign investors continued their buying spree in the Indian equity markets for the most part of the September

FPIs selling spree continues; pull out Rs 5,800 cr from equities in Nov

Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Going forward, this selling trend is unlikely to continue as the US Federal Reserve signalled a dovish stance in its meeting last week, experts said. According to the data with the depositories, FPIs sold shares to the tune of Rs 5,805 crore during November 1-10. The FPI selling trend which started in September continued in October and is showing no signs of reversing in November even though the intensity of selling has come down this month. This could be largely attributed to the growing

FPI sell-off continues; Rs 3,400 cr pulled out in just 3 sessions in Nov

Foreign Portfolio Investors' (FPIs) selling spree continues as they pulled out over Rs 3,400 crore from the Indian equity markets in the first three trading sessions of November on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Going forward, this selling trend is unlikely to continue since the main trigger for FPI selling, the rising bond yields, has reversed on the US Federal Reserve signalling a dovish stance in its November meeting. "The main trigger for this reversal in bond yields is the subtle dovish commentary from Fed chief Jerome Powell that 'despite elevated inflation, inflationary expectations remain well anchored'. The market has interpreted this statement

Listed global funds pour $1.3 bn into India's equity markets in September

The strong inflows from listed funds into the domestic markets come on the back of an increase in India's weightage

FPIs pull out Rs 12,000 cr from equities so far in Oct; invest Rs 5,700 cr

Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities this month so far, mainly due to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have infused over Rs 5,700 crore into the debt market during the period under review, data with the depositories showed. Going ahead, the trajectory of FPIs' investments in India will be influenced not only by global inflation and interest rate dynamics but also by the developments and intensity of the Israel-Hamas conflict, Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Adviser India, said. Geopolitical tensions tend to elevate risk, which typically hurts foreign capital inflows into emerging markets like India, he added. According to the data with the depositories, foreign portfolio investors (FPIs) sold shares worth Rs 12,14

India's options skew points to gamification, says Axis Mutual Fund

The derivatives market comprises futures and options, with contracts available on index and individual stocks

FPIs take out Rs 9,800 cr in Oct amid rise in US bond yields, uncertainties

Foreign investors have pulled out nearly Rs 9,800 crore from Indian equities this month so far owing to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. This came after Foreign Portfolio Investors (FPIs) turned net sellers in September and pulled out Rs 14,767 crore. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. This inflow was largely due to the reduction in US inflation from 6 per cent in February to 3.2 per cent in July. The temporary pause in the US Federal rate hike from May to August also played a role, Kislay Upadhyay, smallcase manager and Founder of FidelFolio Investments, said. Going ahead, the trajectory of FPIs' investments in India will be influenced not only by global inflation and interest rate dynamics but also by the developments and intensity of the Israel-Hamas conflict, Himanshu Srivastava,

FPIs sell-off continues; take out Rs 8,000 car from equities in October

Foreign Portfolio investors (FPIs) have dumped Indian equities worth Rs 8,000 crore in the first week of October on the back of dollar appreciation and the steady rise in the US bond yields. This came after FPIs turned net sellers in September and pulled out Rs 14,767 crore. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Going ahead, FPIs are unlikely to turn buyers in the market soon in the context of the elevated dollar and US bond yields, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data with the depositories, Foreign Portfolio Investors (FPIs) sold shares to the tune of Rs 8,000 crore in this month (till October 6). India continues to be on top of emerging economies in attracting FPI this year, but September witnessed selling and October has begun with the same trend. "The dominant factor impacting capital flows

FPIs turn sellers after 6 mths of investment; pulls out Rs 14,767 cr in Sep

After sustained buying in the last six months, FPIs have turned net sellers and pulled out of over Rs 14,767 crore from Indian equities in September, primarily due to dollar appreciation, steady rise in the US bond yields, and a spike in crude oil prices. Going forward, the outlook for FPI flows in India is uncertain, as it will depend on the performance of the Indian economy, the RBI's October monetary policy, and the outcome of the September quarter earnings, Mayank Mehra, smallcase, manager and principal partner at Craving Alpha, said. According to data with the depositories, Foreign Portfolio Investors (FPIs) have sold shares to the tune of Rs 14,767 crore in September. The latest outflow came after FPI investment in equities had hit a four-month low of Rs 12,262 crore in August. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. V K Vijayakumar, Chief Investment ...

FPIs outflow in equities crosses Rs 10,000 cr mark in Sep on rising rates

Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarily due to rising US interest rates, recessionary fears, and overvalued domestic stocks. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Mayank Mehra, smallcase, manager and principal partner at Craving Alpha,believes that strong economic growth prospects, attractive valuations, and government reforms could support foreign investment flows in the next month. "Since valuations remain high even after the recent pullback and US bond yields are attractive (the US 10-year bond yield is around 4.49 per cent) FPIs are likely to press sales so long as this trend persists," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data with depositories, in the 15 trading days, so far in September, FPIs

FPIs turn net sellers; withdraw Rs 4,200 cr in equities in Sept so far

After six months of consistent buying, foreign portfolio investors (FPIs) have turned net sellers to pull out Rs 4,200 crore from equities in September, so far, on rising US bond yields, a stronger dollar and concerns over global economic growth. The outflow of foreign portfolio money could continue in the coming week or two, Nitasha Shankar, Chief Investment Advisor, YES Securities (India) Ltd, said. "We also need to keep an eye on the sharp volatility in the rupee, which could impact FPI flows going ahead," he added. According to the data with the depositories, foreign portfolio investors (FPIs) pulled out a net sum of Rs 4,203 crore from the equities, so far, this month (till September 8). This came after FPI investment in equities had hit a four-month low of Rs 12,262 crore in August. Before the latest outflow, FPIs were incessantly buying Indian equities in the last six months -- from March to August -- and brought in Rs 1.74 lakh crore during the period. VK Vijayakumar, Chi

FPI inflows hit 11-month high in July, lift benchmarks to fresh highs

This is the highest monthly FPI inflows since August 2022

FPIs stay invested in Indian equities; put in Rs 43,800 cr this month

Indian equity markets continue to draw foreign portfolio investments as foreign investors put in Rs 43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy. With this, inflow in the equity market reached Rs 1.2 lakh crore so far this year, data with the depositories showed. Market analysts are of the view that the outlook for FPI inflows into Indian equities remains quite bright and broad-based. The concern, however, is the rising valuations. At high valuations, some negative triggers can lead to a sharp correction, V K Vijayakumar, Chief Investment Strategy at Geojit Financial Services, said. Persistent flows from FPIs have led Indian equity markets to surge to their all-time high levels. Therefore, intermittent profit booking cannot be ruled out going ahead, Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said. According to the data, FPIs have been continuously buying In

Top headlines: FPIs stay invested in Indian equities, Fed might hike rate

Business Standard brings you the top headlines at this hour

FPIs stay glued to Indian equities; infuse Rs 16,405 cr in June so far

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 .