A ‘Buy China, Sell India’ trade is getting played out in emerging markets as FIIs have sold Indian stocks worth around Rs 30,718 crores in the first 3 days of October. The sudden U-turn in FII strategy has been mainly triggered by the outperformance of Chinese stocks. “The Hang Seng index shot up by 26% … Read more
India’s headline index, the S&P BSE Sensex, fell over 1,800 points on Thursday, marking its third-biggest decline this year. However, this is not an isolated incident, as the index has fallen by 1,000 points or more on seven other occasions in 2024. Today’s decline is the third largest of 2024, with the 30-stock index hitting … Read more
Samir Arora, Founder, Helios Capital, says we cannot let go of pockets of flow by just believing that we are getting Rs 20,000 crore a month. The SIP numbers are good, but they are not what you think are. The actual net flows are not Rs 20,000 crore or more per month, they are only … Read more
Led by a confluence of global factors like sharper-than-expected weakening of the US labor market, unwinding of Yen carry trades and rising geopolitical tensions in the Middle East, FIIs withdrew $1.3 billion from the Indian stock market in the week. However, buying of around $2.2 billion worth of equities by domestic institutional investors last week … Read more
In recent years, investors bullish on Indian equities have cited the promise of policy reforms and rapid economic growth under Prime Minister Narendra Modi to justify its record premium over emerging-market peers. Now, with the leader facing coalition politics after a weaker-than-expected mandate in this week’s national election, the so-called Modi premium is under scrutiny. … Read more
Ahead of the much-anticipated outcome of the Lok Sabha election results, the FII long-short ratio stands at a multi-year high of 87% shorts in the index futures, coupled with heavy selling in the cash market. On the other hand, retail investors are holding highly leveraged long positions. “Both these factors are a bit scary. That … Read more
New Delhi: The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, partly attributable to a strong US dollar, sticky inflation particularly in the food segment, and poll outcome-related anxieties. With over 10 days more to go in May, the latest data from National Securities Depository Limited (NSDL) showed … Read more
In a strategic move to enhance foreign investment in Indian companies, the Government of India has unveiled a groundbreaking set of regulations that allow public companies to list on International Financial Services Centre (IFSC) stock exchanges. This move follows the announcement made in July 2023 and incorporates the recommendations of the Working Group’s report on … Read more
While arguing that most sectors and stocks are quite overvalued, domestic broking firm Kotak Institutional Equities today said the disconnect between price and value may sustain given India’s decent macro position, retail investor-led mania on Dalal Street and expectations of PM Modi retaining power after Lok Sabha elections. However, as investors are happy to overpay … Read more
BENGALURU – Index provider MSCI raised India‘s weightage in its Global Standard (Emerging Markets) index to a historic high of 18.2% following its February review, and the changes will come into effect after market close on Feb. 29. India’s weightage in the index has nearly doubled since November 2020. The climb can be attributed to … Read more