Page 7 - Fpis

FPIs outflow in equities crosses Rs 10,000 cr mark in Sep on rising rates

Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarily due to rising US interest rates, recessionary fears, and overvalued domestic stocks. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Mayank Mehra, smallcase, manager and principal partner at Craving Alpha,believes that strong economic growth prospects, attractive valuations, and government reforms could support foreign investment flows in the next month. "Since valuations remain high even after the recent pullback and US bond yields are attractive (the US 10-year bond yield is around 4.49 per cent) FPIs are likely to press sales so long as this trend persists," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data with depositories, in the 15 trading days, so far in September, FPIs

Foreign flows into Indian equities to take a breather, suggest analysts

Till September 15, 2023, FPIs have withdrawn Rs 6,027 crore from the Indian equity markets, taking their net investment in 2023 in Indian stocks to Rs 1.31 trillion

FPIs turn net sellers; withdraw Rs 4,200 cr in equities in Sept so far

After six months of consistent buying, foreign portfolio investors (FPIs) have turned net sellers to pull out Rs 4,200 crore from equities in September, so far, on rising US bond yields, a stronger dollar and concerns over global economic growth. The outflow of foreign portfolio money could continue in the coming week or two, Nitasha Shankar, Chief Investment Advisor, YES Securities (India) Ltd, said. "We also need to keep an eye on the sharp volatility in the rupee, which could impact FPI flows going ahead," he added. According to the data with the depositories, foreign portfolio investors (FPIs) pulled out a net sum of Rs 4,203 crore from the equities, so far, this month (till September 8). This came after FPI investment in equities had hit a four-month low of Rs 12,262 crore in August. Before the latest outflow, FPIs were incessantly buying Indian equities in the last six months -- from March to August -- and brought in Rs 1.74 lakh crore during the period. VK Vijayakumar, Chi

Mid-cap stocks pique interest of FPIs after 5 years: Goldman Sachs

Overseas investor holding increased by 175 bps to 16% of their m-cap this year

Sebi amends rules; enhances disclosure requirements for certain FPIs

To ensure greater transparency, Sebi has mandated enhanced disclosures for a certain class of Foreign Portfolio Investors (FPIs), including furnishing details about ownership and economic interests. In addition, the regulator has tweaked rules pertaining to the eligibility criteria for FPIs. "A foreign portfolio investor that fulfils the criteria specified by the board from time to time shall provide information or documents in relation to the persons with any ownership, economic interest or control, in the foreign portfolio investor," Sebi said in a notification amending the rules on Thursday. The information or documents will be provided in the manner specified by the Securities and Exchange Board of India (Sebi). Further, applicants with investors contributing 25 per cent or more in the corpus that are mentioned in the Sanctions List by United Nations (UN) Security Council are ineligible for registration as FPIs, the regulator had said in June. The Prevention of Money Launderin

Indian firms' funding costs from FPIs to rise by up to 40 bps: JPM analysts

He added that costs would increase by about 10 to 20 basis points for Mauritius-based SPVs

FPIs keep debt market bets steady despite narrowing bond yield gap

Spread between Indian and US 10-year bond yields at 3.14%, narrowest in over a decade

FPIs withdraw Rs 2,000 cr in first week of Aug due to Fitch downgrading

After five months of sustained buying, foreign investors have turned net sellers and pulled out over Rs 2,000 crore from the Indian equities in the first week of August, mainly due to Fitch downgrading the credit rating for the US. In addition, the rich and stretched valuations and minor profit booking could be the reasons for this outflow, Yes Securities Chief Investment Advisor Nitasha Shankar said. "A sharp spike in the US 10-year bond yield above 4 per cent is a near-term negative for capital flows to emerging markets," Geojit Financial Services Chief Investment Strategist VK Vijayakumar said. If the US bond yields remain high, FPIs are likely to continue selling or at least refrain from buying, he added. According to the data with the depositories, Foreign Portfolio Investors (FPIs) withdrew a net sum of Rs 2,034 crore from Indian equities during August 1-5. This came after unabated net inflow in the past five months -- from March to July -- following the resilience of the In

FPI inflows hit 11-month high in July, lift benchmarks to fresh highs

This is the highest monthly FPI inflows since August 2022

After missing 1st shot at listing, firms re-file DRHPs with lower size

Investment bankers said smaller issues are a relatively easy pitch for investors

FPIs' buying spree continues; invest Rs 45,365 cr in equities in July

Foreign portfolio investors (FPIs) continue with their buying spree in July with a net infusion of Rs 45,365 crore in Indian equity markets on stable macroeconomic fundamentals and steady earnings growth. However, it appears that the momentum of buying has slowed down and FPIs have turned sellers during the two trading days ahead of the US Federal Reserve meeting on Wednesday. "The US Fed signaled the possibility of more hikes going ahead and ruled out the likelihood of rate cuts any time soon. "The potential impact of rate hikes on global liquidity would have led foreign investors to re-evaluate their investment decisions," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said. According to the data, FPIs have been continuously buying Indian equities since March and infused Rs 45,365 crore this month. Only one trading day is left in July. This figure includes investment through bulk deals and primary markets, apart from investment through stock ...

Market regulator Sebi now mandates legal entity identifier for FPIs

LEI is a unique 20-character code used globally to identify distinct financial entities

FPIs stay invested in Indian equities; put in Rs 43,800 cr this month

Indian equity markets continue to draw foreign portfolio investments as foreign investors put in Rs 43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy. With this, inflow in the equity market reached Rs 1.2 lakh crore so far this year, data with the depositories showed. Market analysts are of the view that the outlook for FPI inflows into Indian equities remains quite bright and broad-based. The concern, however, is the rising valuations. At high valuations, some negative triggers can lead to a sharp correction, V K Vijayakumar, Chief Investment Strategy at Geojit Financial Services, said. Persistent flows from FPIs have led Indian equity markets to surge to their all-time high levels. Therefore, intermittent profit booking cannot be ruled out going ahead, Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said. According to the data, FPIs have been continuously buying In

Top headlines: FPIs stay invested in Indian equities, Fed might hike rate

Business Standard brings you the top headlines at this hour

Strong foreign inflows buoy rupee, government bonds reverse losses

The index measures strength in the Greenback against a basket of six major currencies

At Rs 1.5 trillion, FPI inflows to India since March 2023 highest globally

The second highest inflows were seen in Taiwan, which was less than $6 billion in the same time frame.

DIIs selling accelerates amid FPI buying surge; sell Rs 9,383-cr shares

Domestic funds have pulled out Rs 9,383 cr this month, most since Feb'21

SOP for FPI custodians on the cards to remove regulatory arbitrage

Sebi move will also discourage DDP shopping

FPIs to bet on equities; infuse Rs 30,600 cr in first fortnight of July

Foreign Portfolio Investors (FPIs) flow into the Indian equity market remained unabated as they invested over Rs 30,600 crore in the first fortnight of this month, driven by the country's robust economic growth and strong corporate earnings. If this trend continues, investment by FPIs in July will exceed the figures recorded in May and June, which were Rs 43,838 crore and Rs 47,148 crore respectively. With this, inflow in the equity market reached Rs 1.07 lakh crore so far this year, data with the depositories showed. Market analysts are of the view that the outlook for FPI inflows into Indian equities remains quite bright and broad-based. "The concern, however, is the rising valuations which are getting stretched. The valuations in China are hugely attractive now compared to valuations in India and, therefore, the 'Sell China, Buy India' policy of FPIs cannot continue for long, "V K Vijayakumar, Chief Investment Strategy at Geojit Financial Services, said. According to the data,

Stricter disclosure regime: FPIs to get breather for passive breaches

10 days for single group exposure, 3 months for exceeding Rs. 25,000-cr cap to bring down holdings below thresholds