The Nifty rose 1.7 per cent, or 429 points, to close at 24,835, a new record
FPIs selling amid weak global cues also weighed on market performance
Foreign investors injected Rs 30,772 crore into Indian equities so far this month, driven by hopes of continued policy reforms, sustained economic growth and a better-than-expected earnings season. Additionally, the anticipation of a reform-oriented budget has also lifted investor sentiment, Himanshu Srivastava, Associate Director - Manager Research at Morningstar Investment Research India, said. Going forward, if the recent trend of weakness in dollar and bond yields persists, FPIs are likely to continue their buying in the market, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Domestic and foreign investors are keenly watching for possible tweaks in the long-term capital gains tax in the Budget to be presented on July 23, he added. According to the data with the depositories, Foreign Portfolio Investors (FPIs) have made a net inflow of Rs 30,772 crore in equities this month (till July 19). This came following an inflow of Rs 26,565 crore in equitie
Market participants said that the inflows are expected to continue and might touch Rs 2.5 trillion in the next 5 to 6 months
Indices see 6th weekly winning run; FPIs bullish amid Fed rate cut hopes
Foreign portfolio investor Raselle Capital VCC has settled a case related to the alleged violation of FPI rules with capital markets regulator Sebi after paying Rs 1.23 crore as settlement charges. The order came after Raselle Capital proposed to settle the instant proceedings initiated against it without "admitting or denying the findings of facts and conclusions" of the law. The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the applicant (Raselle Capital VCC) for the alleged violations of Sebi's Foreign Portfolio Investors (FPI) rules and other market norms. Further, a show cause notice (SCN) dated December 18, 2023, was issued to the applicant by the markets watchdog for the alleged violations. Thereafter, the applicant filed a settlement application with the regulator in terms of the provisions of Sebi's (Settlement Proceedings) regulations to settle the matter. Pursuant to the receipt of the application, Sebi's High Powered Advisory
Net buying by domestic funds lowest in 4 months
After two months of net outflow, foreign investors turned buyers in June, infusing Rs 26,565 crore in Indian equities, driven by political stability and a sharp rebound in markets. Looking ahead, attention will gradually shift towards the budget and Q1 FY25 earnings, which could determine the sustainability of FPI flows, Vipul Bhowar, Director, Listed Investments, Waterfield Advisors, said. According to the data with the depositories, foreign portfolio investors (FPIs) have made a net infusion of Rs 26,565 crore in equities this month. This came following a net outflow of Rs 25,586 crore in May on poll jitters and over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while they took out Rs 25,743 crore in January. The net outflow now stood at Rs 3,200 crore in the month, data with the depositories ...
The Sensex ended the session at 78,674, gaining 621 points or 0.8 per cent, while the Nifty 50 index ended at 23,869, up 147 points or 0.6 per cent
Staging a strong comeback after general election results, foreign investors pumped Rs 12,170 crore in Indian equities so far in June, mainly driven by expectations of continued policy reforms and sustained economic growth. This came following a net withdrawal of Rs 25,586 crore from equities in May on poll jitters and more than Rs 8,700 crore in April amid concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. With the latest investment, the total outflow now stood at Rs 11,194 crore so far in 2024 (till June 21), data with the depositories showed. Going ahead, Sunil Damania, Chief Investment Officer at MojoPMS, said foreign portfolio investors (FPIs) inflow will remain constrained due to the high valuations currently commanded by the Indian equity market. FPIs had been waiting on the sidelines for the election results. So far in 2024, barring March (Rs 35,000 crore inflow), they have been pulling out from India. "Though the general elec
Losses in RIL, L&T offset gains in IT stocks
While Sebi has specified a 14-point list for type 1 material changes, all other changes will fall under Type 2 category and will be required to be reported within thirty days with supporting documents
Contract prices see wild swings as NDA's narrow majority fuels concerns
The SOP also provides certain examples of the structures followed by regulators in other jurisdictions like the United States and Australia
The yield on the benchmark 10-year government bond fell by 20 basis points in May so far
Move to help regularise units issued to FPIs amid concerns on fee outgo
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. This came following a net outflow of over Rs 8,700 crore in the entire April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February. Going forward, as clarity emerges on the election front, Foreign Portfolio Investors (FPIs) are likely to buy in India, since they cannot afford to miss the post-election results rally. Actually, the rally may begin even before the election results, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. According to data with depositories, Foreign Portfolio Investors (FPIs) witnessed a net outflow of Rs 22,047 crore from equities this month (till May 24). "This heavy selling was
FPIs trim holdings, await positive signals; experts eye post-Budget opportunities amid election tension
The elevated equity market deployment in April indicates sustained inflows into equity schemes despite volatility
Investments through participatory notes in the Indian capital markets reached Rs 1.5 lakh crore at the end of February, making it the highest-level in nearly six years, driven by a strong performance of the domestic economy. The latest data includes the value of P-note investments in Indian equity, debt, and hybrid securities. Participatory notes (P-notes) are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to the latest data from markets regulator Sebi, the value of P-note investments in Indian markets -- equity, debt, and hybrid securities -- stood at Rs 1,49,517 crore at the end of February compared to Rs 1,43,011 crore at the end of January. The amount has reached the highest-level since June 2017, when investment through the route stood at Rs 1.65 lakh crore, data with the Securities and ...