Markets regulator Sebi on Monday allowed foreign portfolio investors (FPIs) to write off all debt securities that they are unable to sell.
The market has been on a song since the second half of 2020
Says forex reserve are adequate and inflation is down, but must be watched due to supply bottlenecks; cuts potential medium term growth by 25bps to 6% due to Covid impact
Analysts bullish over near-to-medium term
Sebi is learnt to have assured the ministry that the peak margin norms and other tightening measures are aimed at reducing risk
According to data from depositories, overseas investors invested Rs 4,385 crore into equities and Rs 3,220 crore in the debt segment during September 1-9
Sebi on Tuesday introduced an optional T+1 settlement cycle for the markets, with effect from January 1
In August, they invested the highest sum into fast-moving consumer goods (FMCG) stocks, while yanking out money from high-beta sectors such as auto and banking.
The provisions of the circular come into effect from January 1, 2022; FPIs stare at challenges
FPIs have the highest allocation to financial stocks at 31.8 per cent, followed by information technology (IT) at 14.67 per cent.
In equities, they invested just Rs 2,082.94 crore while debt segment saw inflow of Rs 14,376.2 crore between August 2-31, depositories data showed.
Many won't be able to meet commitments that were to be bid in tranches, say experts
Experts called the development unprecedented and attributed it to a possible glitch in the new I-T portal
Top holdings for FPIs at the end of the quarter included HDFC, ICICI Bank and Shriram Transport Finance
The latest positive global sentiment has helped the markets shrug off the underwhelming June quarter results, earnings downgrades, and the possibility of further downgrades
The move comes after the board of Sebi approved a proposal in this regard in June
Foreign portfolio investors (FPI) pulled out net investments worth Rs 11,308 crore from Indian equities in July.
Have pumped in over Rs 10,500 cr this month-the most since in 16 months
The Mauritius-based funds invested in firms that ended up defaulting or were investigated for wrongdoing.
The custodians are directed to provide information in 15 days