The surge in IPO activity comes after a slowdown triggered by poor listings, weak demand, foreign portfolio investor (FPI) outflows, and earnings disappointments
Asifma seeks shared responsibility for AI-related breaches
November's decline in FAR securities inflows was influenced by the rise in US yields, the dollar's strengthening, and the "Trump trade"
Pumped money into financial services and IT, while redeeming investments from oil and gas, and auto stocks
Relentless selling by FPIs, disappointing earnings growth during the second quarter, and a rising US dollar have taken the wind out of the sails for secondary share sales
After declining 494 points, or 0.6 per cent, in opening trade, the Sensex ended the session at 80,248, gaining 445 points, or 0.6 per cent
The Sensex, the Nifty Midcap 100 and the Nifty Smallcap 100 indices managed to eke out marginal gains for the month
IT, auto stocks see steepest fall, 5 Adani group firms settle higher
The rupee closed at 84.4850 against the U.S. dollar, down from its close of 84.4525 in the previous session
Foreign investors have pulled out Rs 26,533 crore from the Indian equity market this month so far owing to increasing allocations to China, concerns over muted corporate earnings and elevated valuation of domestic stocks. While the sell-off continues, the quantum of net outflows has significantly reduced compared to October, when Foreign Portfolio Investors (FPI) withdrew Rs 94,017 crore (USD 11.2 billion) on a net basis. With the latest pull-out, FPI outflows on a net basis are Rs 19,940 crore in 2024 so far. Going ahead, the flows from foreign investors into the Indian equity markets would depend on the policies implemented under Donald Trump's presidency, the prevailing inflation and interest rate dynamics, the trajectory of the geopolitical landscape, and the third-quarter earnings performance of Indian companies, Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, said. According to the data, FPIs recorded a net outflow of Rs 26,5
Wilmington Trust Collective Investment Trust on Thursday settled a case with capital markets regulator Sebi related to an alleged violation of foreign portfolio investors' rules by paying a settlement amount of Rs 64.35 lakh. The settlement order came after the applicant (Wilmington Trust Collective Investment Trust - Lazard/Wilmington ACW Ex-US Equity Advantage Fund) proposed to settle the instant proceedings initiated against it without "admitting or denying the findings of facts and conclusions of law". "In view of the acceptance of the settlement terms, the instant adjudication proceedings initiated against Wilmington Trust Collective Investment Trust - Lazard/Wilmington ACW Ex-US Equity Advantage Fund is disposed of in terms of the settlement regulations on the basis of the settlement terms," Sebi's adjudicating officer Barnali Mukherjee said in the order. The Securities and Exchange Board of India (Sebi) conducted an examination in the matter of delay in intimation of regulato
According to Sebi's settlement order, there were several alleged violations of the FPI regulations and intermediary regulations
No immediate relief expected amid shrinking US-India bond yield spread, subdued earnings
Move to open the door for higher exposure in startups, mid-size firms
Proposes to raise net worth criteria for the first time in nearly three decades
Avoids sharp depreciation on RBI's intervention
The Reserve Bank of India on Monday issued an operational framework for reclassification of investment made by a foreign portfolio investor to foreign direct investment (FDI) if the entity breaches the prescribed limit. Currently, an investment made by foreign portfolio investor along with its investor group (FPI) should be less than 10 per cent of the total paid-up equity capital on a fully diluted basis. Any FPI investing in breach of the prescribed limit has the option of divesting their holdings or reclassifying such holdings as FDI subject to the conditions specified by the RBI and Sebi within five trading days from the date of settlement of the trades causing the breach. The RBI has issued an operational framework for reclassification of foreign portfolio investment by FPI to FDI. As per the framework, the FPI concerned will have to take necessary approvals from the government and concurrence of the Indian investee company concerned. However, the facility of reclassification
From peak of Rs 22K crore, the downward slope begins
Benchmark indices nosedive 2% - most in a month - before recouping half the losses; FPI selling, earnings disappointment, elevated US yields also weigh
The ongoing US elections have been a contributory factor to FPI selling through October and November. Apart from that, some FPIs are fence-sitting for outcome of the Federal Reserve meeting this week