FPIs sold oil and gas shares worth Rs 564 crore, and realty shares worth Rs 278 crore
Near-term trigger is the strong Q4 results led by revenue growth and expanding margins
The gains come on the back of strong inflows from foreign portfolio investors
Excluding this, FPI activity in equities represents a strong selling undercurrent
FPIs bought equities worth $1.52 billionbetween March 1 and 15, the most since November 2022, according to National Securities Depository data
FPIs have not just built aggressive short positives on the index futures, they have also unwound their long positions in the single stock futures, shows an analysis by Nuvama Institutional Equities
Experts said the amendments will give Sebi increased powers to seek information from overseas funds
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To make a representation to FinMin for relief
Despite multi-year low valuations, brokerages see rise in demand and fall in inventory
The angel tax is on the amount received as more than fair market value as income in the hands of a company
Thus far in FY23, MFs have pumped in a net Rs 1.53 trillion in equities till March 1, 2023, Securities and Exchange Board of India (Sebi) data show, as compared to Rs 1.72 trillion in FY22
Stock markets are adjusting to new realities
Financial services, IT, capital goods among favoured sectors, with FPIs buying stocks worth over Rs 5,600 cr in these spaces
Hike stakes in 639 companies to gain an average 6.4%, prune holdings in 700 underperformers; retail investors, on the other hand, get many of their calls wrong
Not a single penny got raised from initial public offerings and follow-on public offers (FPO) last month
Industry to make representations to Finmin seeking grandfathering on existing investment
Currently, FPIs investing in government securities and corporate bonds avail concessional 5 per cent withholding tax rate
Experts said p-notes issued at GIFT would not boost flows into the onshore markets in a big way but would be used for securities traded at the IFSC
Global economic factors such as inflationary pressures, monetary tightening by central banks, and recessionary fears in advanced economies exerted pressure on FPIs to sell in Indian markets, Economic Survey 2022-23 said on Tuesday. In addition, investors were sitting on gains from Indian stocks that could be realised to offset losses elsewhere, the survey noted. These factors led to foreign portfolio investors (FPIs) pulling out a net amount of Rs 16,153 crore from the Indian capital markets during April-December FY23 as compared to an outflow of Rs 5,578 crore in the year-ago period, with both equity and debt segments witnessing net outflows. Segment-wise, FPIs made a net withdrawal of Rs 11,421 crore from equity markets and Rs 12,400 crore from debt markets. On the other hand, they invested a net amount of Rs 8,662 crore through debt Voluntary Retention Route (VRR) during the period under review. However, on account of strong macroeconomic fundamentals of the Indian economy and