Analysts say a rate in the dividend distribution tax and buyback tax could fuel further buying by FIIs
Within the BSE-500 universe, mid-sized private banks are the ones to see deeper cuts in FII stakes
As against brokerages' estimates of a 12% growth, Nifty earnings growth has been a tepid 5%
Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction
Foreign institutional investors have gone a bit slow when it comes to selling in the cash segment
Fund managers say festive period will be critical, analysts cite NBFC liquidity crunch for dismal state of affairs
Combined market cap of listed firms down Rs 14.8 trillion
Inflows cross $10-bn mark for 3rd consecutive year
FIIs also don't seem to be buying the capex cycle revival story as they have cut stake in at least 17 capital goods companies.
FIIs were net buyers to the tune of Rs 2.93 billion, while domestic investors pulled out Rs 8 billion
The reversal of foreign flows comes after two months of heavy sell-off amid surging US bond yields and dollar
So far this month, FIIs have invested around $750 million, each, in equities and debt market
Government securities, followed by corporate debt, will continue to remain most attractive for FIIs
But the government has left prior period cases open for interpretation
A lot hinges on domestic investors for Indian equities to hold up
Debt raised by infra cos escalated as margins shrank with the ballooning cost on account of delays
S&P BSE Sensex and NSE Nifty50 index down by 4.7% and 5%, respectively during the same period.
Akash Singhania, Deputy Chief Investment Officer, DHFL Pramerica Asset Managers, speaks with Samie Modak
Narrowing of yield spreads between US and India bonds triggers outflows
Other than India, overall foreign flows into regional markets such as South Korea, Taiwan and Indonesia have been strong this year