Experts to advise changes to framework around FPI, takeover code and social stock exchanges
3.5% jump in RIL lifts indices; Nifty crosses 2021 intra-day high
Primary market momentum seen sustaining in an otherwise 'lacklustre' month
The market capitalisation of the equity market is almost Rs 290 trillion, but the corporate outstanding is at Rs 40 trillion, indicating more traction is needed on the debt side
US Fed minutes indicate slower pace of rate hikes, investors cheer
However, the timeline issue for many FPIs remains, as the relaxation still compels them to book forex during non-market hours
Conversely, Reliance Industries and Tata Consultancy Services saw the maximum FPI outflows at Rs 44,622 crore and Rs 17,838 crore, respectively
Foreign investors have been aggressively buying Indian equities in November, investing Rs 30,385 crore this month so far, on stabilisation in rupee and resilience of the domestic economy
After declining for three consecutive quarters, the value of FPI investment in Indian equities rose 8 per cent quarter-on-quarter to USD 566 billion in the July-September period, according to a Morningstar report on Wednesday. A fast-changing global macroeconomic landscape, sentiments and opportunities that the Indian equity markets have to offer impacted the direction of flows by Foreign Portfolio Investors (FPIs). Through the quarter, the value of the FPI holdings domestic equities surged by 8 per cent to USD 566 billion from USD 523 billion recorded in the previous quarter. Further, the value of such investment was USD 612 billion in the March quarter and 654 billion in the quarter ended December 2021, as per the report. During the quarter ended September 2021, the value of FPI investments in Indian equities was USD 667 billion. Consequently, foreign investors' contribution to Indian equity market capitalisation also grew marginally during the quarter under review to 16.97 per
On Tuesday, NDTV shares closed trade on the BSE at Rs 384.10 apiece, after hitting the 5-per cent upper circuit during the day
Coal India, HCL Tech and L&T were among the most-sold stocks by domestic funds in October even as they rallied between 10% and 16%
The government intends to raise 160 billion rupees ($2 billion) via the issue in the January-March quarter.
Indian currency at 1-month high on FPI flows, weak dollar
Stronger yuan, resumption of FPI flows into stocks bolster rupee
After withdrawing funds in the last two months, foreign investors came back strongly in the first week of November and infused Rs 15,280 crore in Indian equities
The retail shareholding has increased to 6.37% at the end of September, as compared to 2.79% at the time of listing
US and European markets gained in October after a sharp sell-off in September
The Sensex ended above 60,000 and the Nifty above 18,000 for the first time since September 14
So far this year, the total outflow by FPIs in equities has reached Rs 1.70 trillion
If not for inflows from India-dedicated funds, the FPI outflow tally in September would have crossed $2 billion.