MUMBAI: Continuing foreign inflows –$8.1 billion YTD — has driven up the valuation premium of MSCI India index past 55 per cent and 12 per cent against MSCI Emerging Markets and MSCI World indices, respectively, by mid-June, according to a brokerage report. The domestic market has been the best performer globally YTD (year-to-date), with the … Read more
In spite of the COVID-19 pandemic, a two-month long nationwide lockdown and a large GDP contraction in 2020, foreign capital flows to India remained surprisingly resilient. Data from IMF’s Balance of Payments statistics for the calendar year (CY) 2020 reveals that India received about $80 billion in foreign direct investment (FDI) and foreign portfolio investment … Read more
NEW DELHI: Foreign portfolio investors (FPIs) pulled out Rs 6,452 crore so far in May from Indian markets amid tumbling investor sentiment due to the second wave of the COVID-19 pandemic. As per depositories data, the overseas investors pulled out Rs 6,427 crore from equities and Rs 25 crore from the debt segment during May … Read more
Sebi laid down the basic reporting framework in a circular issued in October 2020. In March and April 2021, NSDL told custodians that the reporting of ODI subscribers and DR holders would be effective from May 17, 2021. Synopsis By May, custodian banks — which are multinational financial services groups holding securities on behalf of … Read more
NEW DELHI: Even as the Sensex gained 1.9 per cent last week, investors remained worried over the spike in Covid cases, pace of vaccination and withdrawals by FPI investors. On Twitter, two issues dominated discussions – why is the stock market going up when cases are rising? – and Sebi‘s new rule on compensation of … Read more
ET Intelligence Group: A sustained inflow of funds and market appreciation have pushed the portfolio value of the foreign institutional investors (FPIs) to a record $575 billion, the data from NSDL show. The share of FPIs in India’s market capitalization rose to 20.7% in the first fortnight of February 2021, a gain of 1.9% from … Read more
Analysts say the financials of IndusInd Bank have seen a sharp rebound on account of lower borrowing costs and higher liquidity in the system. Synopsis Since November, shares of IndusInd Bank have gained 56 per cent outperforming the 24 per cent rally in the Bank Nifty index, a gauge of banking stocks. The benchmark Nifty … Read more
Mumbai: Unabated foreign investor purchases and lower-than-expected contraction in the Indian economy are keeping the stock market humming. Key indices closed at record highs on Tuesday but simmering consumer inflation and rich valuations are keeping market participants on the edge. While investors have taken note of the advancing bond yields in the past month on … Read more