Page 4 - Latest Updates on FPI
Bond inclusion unlikely to trigger volatility: Ashima Goyal of RBI MPC
Goyal expects around $30 billion inflows on the back of the inclusion
 "Bond inclusion unlikely to trigger volatility: Ashima Goyal of RBI MPC")
Overseas funds pullout exceeds $3 bn in Jan amid geopolitical uncertainty
Highest in 12 months as rising bond yields trigger risk-off bets
 "Overseas funds pullout exceeds $3 bn in Jan amid geopolitical uncertainty")
HDFC Bank-led FPI selloff: The fifth-highest weekly exit since 2008
The hardening of US Treasury yields also weighed on sentiment and raised concerns about whether the Federal Reserve would lower interest rates at the same pace as the Street has priced
 "HDFC Bank-led FPI selloff: The fifth-highest weekly exit since 2008")
We need to be mindful of responsible pricing: Kotak Investment Banking CEO
One takeaway from last year is that most IPOs returned money to the investors, S Ramesh, Managing Director and CEO, Kotak Investment Banking, said
 "We need to be mindful of responsible pricing: Kotak Investment Banking CEO")
Tamil Nadu govt's 3rd Global Investors Meet set to begin on January 7
A host of representatives from several multinational companies, over 450 international delegates, and representatives from 50 countries are expected to attend the two-day event
 "Tamil Nadu govt's 3rd Global Investors Meet set to begin on January 7")
Record monthly FPI buying in December drives Nifty 50 to record highs
FPIs bought shares worth 427.33 billion rupees in the first half of December, marking a fortnightly record, driven by lower U.S. bond yields amid expectations of interest rate cuts by Federal Reserve
 "Record monthly FPI buying in December drives Nifty 50 to record highs")
Better risk-reward, FPI flows augur well for LargeCap MFs in 2024: Analysts
Valuation is comfortable for large-caps, but there is little margin of safety in the broader market categories, analysts said
 "Better risk-reward, FPI flows augur well for LargeCap MFs in 2024: Analysts")
Health, EV, fintech: Key industries beckoning foreign investors in 2024
Emerging industries poised for investment-led growthare battery energy storage solutions, green hydrogen, biotechnology, AVGC (animation, visual effects, gaming, comics)
 "Health, EV, fintech: Key industries beckoning foreign investors in 2024")
FPI gross purchases hit a high in 2023 on strong earnings, economic growth
Foreign portfolio investors were net sellers in the first two months of 2023 but turned buyers in March amid moderating valuations
 "FPI gross purchases hit a high in 2023 on strong earnings, economic growth")
Investor sells 4.5% stake worth Rs 1,281 cr in Apollo Tyres by block deal
The key buyers included Nippon India Mutual Fund, ICICI Prudential Mutual Fund, and Edelweiss Mutual Fund, among others
 "Investor sells 4.5% stake worth Rs 1,281 cr in Apollo Tyres by block deal")
Sharp improvement in liquidity expected from January 2024: India Ratings
Govt spending, FPI flows to drive liquidity
 "Sharp improvement in liquidity expected from January 2024: India Ratings")
Forex reserves surpass $600-billion mark after nearly four months
The forex reserves were last above the $600 billion mark on August 11 this year
 "Forex reserves surpass $600-billion mark after nearly four months")
FPIs infuse Rs 9,000 crore in equities in Nov, inflow in debt at 6-yr high
Foreign Portfolio Investors (FPIs) made a net investment of Rs 14,860 crore in the debt market last month, making it the highest level in six years, data with the depositories showed
 "FPIs infuse Rs 9,000 crore in equities in Nov, inflow in debt at 6-yr high")
NRIs likely to get bigger play in local equities through GIFT City FPIs
At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent
 "NRIs likely to get bigger play in local equities through GIFT City FPIs")
FPI investment value in Indian equities rises 15% to $651 bn in Sep qtr
On a quarter-on-quarter basis, the value of such investment rose 4% from $626 billion recorded in the three months ended June this year
 "FPI investment value in Indian equities rises 15% to $651 bn in Sep qtr")
Financial stocks account for 50% of FPI selloff in second half of October
The selling pressure was less intense in the broader markets
 "Financial stocks account for 50% of FPI selloff in second half of October")
FPI net investment in debt market in October third highest in CY23
Market participants said that India's bond inclusion in J P Morgan index further aided inflows in the domestic debt market
 "FPI net investment in debt market in October third highest in CY23")
NSE equity cash, derivatives segment turnover sees first fall in 12 months
During the month, the benchmark Nifty came off by as much as 5 per cent as FPIs accelerated their selloff with the 10-year US Treasury yields breaching 5 per cent
 "NSE equity cash, derivatives segment turnover sees first fall in 12 months")
Advance-decline ratio skids to 1.02 in October as FPIs step up selloff
The National Stock Exchange (NSE) Nifty Midcap 100 index fell 4.1 per cent, the most since June 2022
 "Advance-decline ratio skids to 1.02 in October as FPIs step up selloff")
Sberbank becomes first Russian bank to register with Sebi as FPI: NSDL
Joins five other from Russia to obtain FPI registration
 "Sberbank becomes first Russian bank to register with Sebi as FPI: NSDL")
