Rupee breaches 89, FPI sentiment hit: Ajay Bagga warns of volatile days ahead

Rupee breaches 89, FPI sentiment hit: Ajay Bagga  warns of volatile days ahead

India’s equity markets remain close to record highs, but the sudden crash in the rupee and sharp global volatility have raised red flags for investors, says market expert Ajay Bagga. Despite strong AI-led optimism in global markets early Thursday, US indices reversed sharply, and the ripple effect spilled into Asia. RBI missing as Rupee crashes … Read more

A lost year for Indian equities: Sensex delivers 0% returns in 12 months, leaves investors empty-handed

A lost year for Indian equities: Sensex delivers 0% returns in 12 months, leaves investors empty-handed

The Sensex has effectively gone nowhere over the past 12 months, posting a -0.7% return and falling behind most global peers, a sobering outcome despite a backdrop of policy tailwinds like GST and income-tax relief, interest rate cuts, and resilient domestic fund inflows. Analysts point to weak corporate earnings, persistent foreign portfolio investor (FPI) selling, … Read more

FPI selling in Indian equities hits over 3-month highs on rich valuations, China reopen

FPI selling in Indian equities hits over 3-month highs on rich valuations, China reopen

BENGALURU – Foreign portfolio investors (FPIs) offloaded Indian equities worth 150.68 billion rupees ($1.85 billion) in the first half of January, the most since the end of September 2022, data from National Securities Depository Ltd. showed. The selling coincided with a slide in equity benchmarks, with Nifty 50 falling nearly 1% between Jan. 1 and … Read more

93% of FPI selling in last 12 months came from two sectors; any guesses?

93% of FPI selling in last 12 months came from two sectors; any guesses?

NEW DELHI: Banking and IT are the two sectors, which saw a bulk of foreign equity outflows on a trailing 12-month basis. In its latest report, said the bulk of the FPI selling on a 12-month rolling basis has been concentrated around financials and IT, with a 93 per cent contribution along with FMCG, other … Read more

After 8 months of relentless outflows, is FPI selloff showing signs of slowdown?

After 8 months of relentless outflows, is FPI selloff showing signs of slowdown?

Over the last eight months, foreign portfolio investors (FPIs) have dumped Indian stocks at a pace comparable only with that of the Global Financial Crisis, with their net sales crossing the Rs 2 lakh crore mark earlier this month. There are several factors prompting overseas investors to exit Indian stock markets in droves. Stretched valuations, … Read more

Don’t sell stocks trading at all-time highs: VK Vijayakumar, Geojit Financial

Don’t sell stocks trading at all-time highs: VK Vijayakumar, Geojit Financial

NEW DELHI: Amid volatile movement in the market, especially given a number of headwinds including inflation and rising interest rates, traders are keen on limiting losses. Moreover, the earnings season that is gathering pace may increase volatility. However, there are some analysts who believe the downside will be limited in the market even if we … Read more