The domestic market has not just given up all post-Budget gains but also slipped into negative territory for the year
FPI allocation to BFSI companies in Nifty 500 declines to 20-quarter low
Rate hike signal intensifies sell-off; Sensex down 6.5% in 7 sessions
The market breadth was positive, with 1,955 stocks advancing and 1,404 declining
Uncertainty arises from tweak in SCRA; entities take conservative view, pay higher tax of 20% on interest income
Of the 144 companies that have disclosed their shareholding pattern, 86 have seen a fall on a quarter-on-quarter basis, 56 have seen an increase, while two have seen no change in FPI stake
In the last three sessions, the Sensex has lost 1,844 points, or 3 per cent
Stock market may test retail participation this year
Net investment in Indian equity market lowest in 19 months
After a continuous sell-off in the past three months or so, foreign portfolio investors have turned net buyers in the first week of January in the Indian equity segment, data showed.
Experts said India might be a relative outperformer than other emerging markets, or there could be marginal outflows
After three months of selling spree, foreign investors have turned net buyers in the first week of January by infusing Rs 3,202 crore in Indian equities
The Sensex gained 367 points, or 0.6 per cent, to close at 60,223, while the Nifty rose 120 points to end the session at 17,925 cent.
But returns from equities may moderate, warn experts
With China being a problem child for foreign investors, India has made a killing with new issuances
Domestic mutual funds (MFs) pumped in Rs 76,779 crore (about $10.2 billion) into the markets this year until December 22
Equity MFs have emerged as a saviour in domestic markets as FPIs have continued to sell stocks
Analysts say a currency depreciation creates an inflationary overhang in the economy, depressing equity valuation
Besides banks, stocks in the technology, consumer goods and automobile sector were picked up
In November, the Nifty fell nearly 4 per cent, while the Nifty Bank Index dropped 8.7 per cent amid an $800-million pull-out by FPIs