The velocity of the selling was so high that barely any sector was spared. However, metals and utilities still managed marginal inflows
Previously, record high DII flows for a calendar year were in 2022 when they had pumped in Rs 2.8 trillion, of which Rs 1.86 trillion came from MFs
At Rs 71,441 cr, outflows worst-ever for a calendar month
The FDI numbers reflect a substantial investment in a venture such as a foreign company setting up a factory in India
In a show of strength, DIIs have made their three largest single-day purchases in October, injecting liquidity into the market amidst FPIs' exodus
Industry players believe measures, while important, may not yield higher participation
Fears of flow rotations from India to China, West Asia tensions trigger selloff
Except for the muted debuts of Kross and Tolins Tyres, initial public offerings (IPOs) had a stellar run last week
RBI's dollar buy prevent further strengthening
Foreign portfolio investors made an unexpected move into Indian equities last week, injecting over $2 billion
Noting that September 9 was the deadline for Foreign Portfolio Investors to disclose the beneficial owners of their holdings, the Congress on Wednesday asked SEBI if those implicated in the Adani matter have done so and why has it taken the capital markets regulator 18 months to enforce the new norm. Congress general secretary in-charge communications Jairam Ramesh said it is September 11 today, two days after the SEBI's September 9 deadline for Foreign Portfolio Investors (FPIs) - those who stand accused of holding concentrated portions of their equity portfolio in a single corporate group - to disclose the beneficial owners of their holdings. "We had raised this issue a few days ago, in light of information that two Mauritius-based FPIs that were part of the revelations in the still-unfolding Modani mega scam, have petitioned the Securities Appellate Tribunal to seek urgent relief from complying with these new foreign investor norms," he said in a post on X. "Some questions to the
Mandates disclosure of beneficial ownership, allocates registration and monitoring responsibility to DDPs
Closes at new loan of 83.99/$
The market regulator is also working to make regulations 'light-touch' for those FPIs which only invest in government securities or are sovereign funds
The benchmark S&P BSE Sensex has rebounded nearly 4 per cent from this month's lows but remains 1 per cent below its record highs
On August 5, FPIs sold shares worth Rs 10,073 crore, marking their third-largest single-day outflow, which led to a 3 per cent drop in benchmark indices
The Nifty 50 index closed at 23,993, with a decline of 63 points (0.3 per cent). Both indices ended with losses for a third consecutive session.
This is the fourth month in this calendar year when the new additions have remained above 4 million
Foreign investors infused Rs 32,365 crore into Indian equities in July on the back of expectation of continued policy reforms and sustained economic growth and better-than-expected earnings season. However, they pulled Rs 1,027 crore from equities in the first two trading sessions of this month (August 1-2), data with the depositories showed. There has been a mixed trend with respect to FPI flows following the budget announcement on increase in capital gains tax on equity investments. Going forward, developments in the US economy and markets will set the trend for FPI in August, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. "Weaker-than-expected employment data along with slowing economy has made it certain that the US Fed is expected to cut rates in September. The more important question here is the extent of cut. Currently, there is strong commentary getting built for maybe a 50 basis points rate cut in interest rates," Vaibhav Porwal, Co-founder
Ireland takes the fourth spot with over Rs 4.41 trillion assets under custody