Foreign portfolio investors' participation in the Indian equity and derivative markets is increasing on a daily basis while new Indian investors from tier-3 and tier-4 cities are set to create a significant influence in the domestic markets, says an industry expert. "FPIs are banking on steady returns on their investments which is backed by the country's projected steady economic growth in the years ahead, we are expecting participation from new Indian traders to contribute significantly to the multi-fold increase in trading volume over the next five years, said Ajay Garg, Director and CEO of Delhi-headquartered SMC Global Securities Ltd. There is a lot of foreign interest in the Indian market, especially FPIs participating in high frequency and medium frequency trading, he said, adding that SMC was currently serving around 60 investment-loaded FPIs and more have lined up to become members of the group. Garg said that SMC is working on capturing more FPI business, given that the ...
After gaining as much as 1.6 per cent from the previous day's close, the Sensex slipped into negative territory, only to recover sharply once again
Longest weekly losing streak in 14 months
Foreign investors have infused Rs 27,856 crore in domestic equities in the first fortnight this month, owing to the resilience of the Indian market and growing optimism around the potential interest rate cut in the US. Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they pulled out Rs 34,252 crore in April-May. With the focus shifting to the US Federal Reserve's decision on interest rates in its upcoming FOMC meeting next week, its outcome will likely play a pivotal role in shaping the trajectory of future FPIs investments in Indian equities, Himanshu Srivastava, Associate Director- Manager Research, Morningstar Investment Research India, said. According to the data with the depositories, FPIs put in a net investment of Rs 27,856 crore into equities this month (till September 13). With this, FPIs' investment in equities reached Rs 70,737 crore so far this year. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Sensex, Nifty seen gaining up to 2%; Bearish FPI positioning could lead to short covering
Apart from the bond yields and geopolitical crisis, another trigger for FPI selling was the tweak in India's tax treaty with Mauritius, which would now impose higher scrutiny on investments
Foreign investors adopted a cautious approach offloading Indian equities worth close to Rs 3,776 crore so far this month owing to a spike in the US bond yields and uncertainty over the interest rate environment in the domestic as well as the global front. In contrast, they are bullish on the debt market and injected Rs 16,560 crore in during the period under review, data with the depositories showed. ' According to the data, Foreign Portfolio Investors (FPIs) pulled out a net sum of Rs 3,776 crore from the Indian equities this month (till February 16). This came following a net withdrawal of Rs 25,743 crore in January. With this, the total outflow for this year has reached Rs 29,519 crore. "The spike in US bond yields triggered by the higher-than-expected consumer price inflation led to sustained selling by FPIs," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Also, the latest selling could be attributed to the uncertainty surrounding the interest r
The selling comes on the back of third quarter (3QFY24) earnings missed by HDFC Bank, Bajaj Finance, and Axis Bank. FPIs also pulled out over Rs 2,000 crore amid earnings miss by Hindustan Unilever
Analysts scale back earnings growth estimates for the private sector lender
The 11 listed group companies added over Rs 1 trillion in market capitalisation to Rs 11.3 trillion. This was the biggest single-day jump in the group's market cap since April 11
Sensex, Nifty decline intraday but finish with gains for a third week in a row
But Canada-domiciled FPIs' AUC in India rose 1% month-on-month to Rs 1.8 trillion in Sep
Granular data required for 50% single group exposure; Rs 25,000 cr AUM
The move will help free up capital early and encourage more investors to participate
Strong flows into domestic banks even as their developed world counterparts reeled under pressure was underpinned by improved outlook
From Gautam Adani winning the race for Ambuja Cement to Sebi forming expert panel on FPIs, here are the top headlines on Monday
The new guidelines will be applicable from May 9, the Securities and Exchange Board of India (Sebi) said in a circular on Friday
Confidentiality, difficulty in differentiating an account as client or non-client are some of the issues raised
Regulator, earlier this year, allowed custodians to furnish scanned documents instead of originals for FPI registrations
Sebi had allowed custodians to furnish scanned documents instead of originals for FPI registrations in the backdrop of the pandemic. The relaxation was given till June 30 and later extended to Aug 31