After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20).
However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.
Despite this short-term reversal, the broader December trend remains positive. FPIs have infused Rs 21,789 crore into Indian equities so far this month, reflecting continued confidence in India's economic growth potential and its resilient markets.
FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about 

Foreign portfolio investor exodus: Financial sector bears the brunt, FPI

Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise.
This exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential.
The year was marked by Hyundai Motor India's historic IPO, the largest in the country's history, which raised Rs 27,870 crore.
Companies of varying market capitalisations -- large, mid, and small -- tapped into the IPO route in 2024, with the average issue size rising significantly from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.
The exceptional vibrancy of the IPO market was evident, with December alone seeing at least 15 launches.
"Rising retail participation, strong domestic inflows and active participation by FPIs (

ipo market listing share market

Record fundraising surpasses the previous high of Rs 9,370 cr in 2023

The initial share sale of Concord Enviro Systems Ltd, an environmental engineering solutions firm, received 59 per cent subscription on the first day of bidding on Thursday.
The initial public offering (IPO) got bids for 29,79,585 shares against 50,15,356 shares on offer, as per data available with the NSE.
The retail individual investors (RIIs) portion received 1.02 times subscription while non-institutional investors part got subscribed 35 per cent.
Concord Enviro Systems has raised Rs 150 crore from anchor investors.
The Rs 500-crore IPO will close on December 23. The shares are available in a price range of Rs 665-701 per share.
The IPO comprises a fresh issuance of equity shares worth Rs 175 crore and an offer-for-sale (OFS) of 46.41 lakh equity shares valued at Rs 325.33 crore, at the upper-end of the price band, by promoters and an investor.
This aggregates the issue size to Rs 500.33 crore.
Those selling shares in the OFS are, promoters Prayas Goel and Prerak Goel, promo

President Vladimir Putin boasted that his military operation in Ukraine has strengthened Russia and denied that the ouster of key ally Bashar Assad in Syria had hurt Moscow's prestige, as he held his annual news conference and call-in show Thursday.
He used the tightly choreographed event, which lasted for about 4 1/2 hours, to reinforce his authority and demonstrate a sweeping command of everything from consumer prices to military hardware.
He claimed that sending troops into Ukraine in 2022 has boosted Russia's military and economic power. He also said that if he could go back in time, he would have thought that such a decision should have been made earlier, and Russia should have prepared for it in advance and more thoroughly.
"Russia has become much stronger over the past two or three years because it has become a truly sovereign country, he said. We are standing firm in terms of economy, we are strengthening our defence potential and our military capability now is the strongest

Putin, Russian President, Vladimir Putin

Alibaba Group Holding Ltd. announced Tuesday it's going to sell Chinese department-store chain Intime to a local apparel group for $1 billion. The price is around 30% of the company's valuation

Grubhub

The I-T department probes Rs 7,500 crore spent on lavish weddings, targeting Jaipur planners and fake billing networks linked to foreign destination events and cash transactions

weddings, marriage

Congress calls FIR against Rahul Gandhi over Parliament scuffle a 'badge of honour', alleging BJP's vendetta and diversionary tactics to counter his protest against Amit Shah's Ambedkar remarks

Rahul Gandhi, Rahul, congress leader

Mindgrove's system-on-chips (SoCS) are built to be power-efficient and cost-effective for use in Internet of Things (IoT), vision and automobiles

Sharan Srinivas J (CTO) and Shashwath TR (CEO), Mindgrove TEchnologies

Industries are forced to shut down due to the grim situation

Iran, Iran flag

At least 240 workplace accidents occurred in India's manufacturing, mining, and energy sectors, resulting in over 400 deaths and more than 850 serious injuries

mining

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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FPIs pull out Rs 976 crore from Indian equities amid rising dollar

IPO boom: Record Rs 1.6 trn raised in 2024; bigger gains expected in 2025

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