Funds from Ireland, Luxembourg, Norway and Japan raise bets on Indian equities

Funds from Ireland, Luxembourg, Norway and Japan raise bets on Indian equities

ET Intelligence Group: If you thought D-Street has primarily an American accent, you might need to visit Mumbai again. Last year, funds based in Ireland, Norway, Luxembourg, and Japan raised their bets on India, ploughing in record funds into local risk assets.Ireland’s share in the equity assets under management (AUM) of foreign portfolio investors witnessed … Read more

Capital Goods, BFSI and IT top draws for foreign funds

Capital Goods, BFSI and IT top draws for foreign funds

Mumbai: Foreign portfolio investors sold shares worth ₹20,000 crore across 13 sectors between September 1 and 15, according to data from the National Securities Depository (NSDL). Mining, metals, power, oil and gas, telecom, and construction materials are among the sectors that saw foreign investors booking profits. After selling metals and mining shares worth ₹7,000 crore … Read more

NSDL files DRHP with SEBI for IPO

NSDL files DRHP with SEBI for IPO

India’s largest depository National Securities Depository Limited (NSDL) has filed its Draft Red Herring prospectus with the Securities and Exchange Board of India (Sebi) for an IPO. The IPO, which is an offer for sale (OFS) of 57,260,001 shares, will see IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India paring stakes. Post … Read more

IT Stocks | Bank Stocks: IT stocks vs bank stocks: FII buy-sell data after bank crisis springs up a surprise

IT Stocks | Bank Stocks: IT stocks vs bank stocks: FII buy-sell data after bank crisis springs up a surprise

NEW DELHI: The world over investors have been dumping bank stocks in the wake of the banking turmoil in the US and Europe but foreign institutional investors (FIIs) are singing a different tune when it comes to India. Market data shows that FIIs ended up buying financial stocks worth about Rs 2,800 crore in the … Read more

No-go area? FIIs sell old economy stocks worth Rs 10,000 crore in February

No-go area? FIIs sell old economy stocks worth Rs 10,000 crore in February

NEW DELHI: Foreign institutional investors, who have been on a selling spree in the last few months, sold Indian stocks worth over Rs 10,000 crore in 3 old economy sectors – metals, power and oil and gas – last month. NSDL data shows that the worst sell-off was in the oil and gas sector, with … Read more

FPIs raise wager on metal & mining stocks amid rising commodity prices

FPIs raise wager on metal & mining stocks amid rising commodity prices

FPIs have remained net buyers in the sector in each of the past four months with an average inflow of $198 million (Rs 1,480 crore) on a fortnightly basis. Synopsis Aided by higher commodity prices, the Nifty Metal index has outperformed the benchmark Nifty 50 by 17% since the beginning of 2022. The metal index … Read more

FPIs and custodian banks get more time on stake disclosure

FPIs and custodian banks get more time on stake disclosure

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

Will a halt to bull run end brokers’ honeymoon with retail investors?

Will a halt to bull run end brokers’ honeymoon with retail investors?

NEW DELHI: No matter whether you made money in the breakneck stocks rally in last one year or not, brokers definitely got richer at a much faster clip, thanks to a surge in trading volume. But that period of stupendous growth might be getting over. CDSL, which provides depository services, added over 1 crore investors … Read more

FPI portfolio value doubles to record $575 billion since March 2020 lows

FPI portfolio value doubles to record 5 billion since March 2020 lows

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