FPIs buy shares worth Rs 1,345 crore
India's strong medium-term growth outlook may not suffice for foreign capital to flow, as existing channels that bring global savings to India face turbulence
Analysts are upbeat on shares of ceramic tile manufacturers, even as their July-September quarter performance is likely to be weak
More than the monetary policy decision, the RBI's assessment of inflation and growth propelled the markets, said experts
At the current rate, the reserves may provide cover for eight months of imports in FY23. Four months could be considered a danger mark
Indian indices better off in 2022, down less than 2 per cent
IT stocks saw maximum selling by FPIs in the last fortnight at about Rs 3,998 crore, weighing on its performan
FPIs turned net buyers in July after nine straight months of massive net outflows, which started in October last year
Sensex swings 1,232 points before settling 224 points lower; FPIs pullout Rs 1,400 cr
Despite the positive flows, the allocation in IT at 10.7 per cent dropped for the fifth consecutive month and is the lowest since March 2018
FPIs had turned net buyers for the first time in July, after nine straight months of massive net outflows, which started in October last year
They bought financial services, industrials and consumer discretionary stocks
The average 20-day and 10-day gain after a double-digit stretch of buying is 2.7 per cent and 1.4 per cent, respectively, reveals Bloomberg data
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Greater scrutiny shows that stagnant revenues and unrestrained freebies have left most of them in a perilous position
In July, they were net-buyers after nine consecutive months of selling
National Stock Exchange (NSE) notified that the trade confirmation cut-off for custodians has been revised from 7.30 pm on trade (T) day to 7.30 am the following day of trade (T+1)
On Monday, the FPIs bought shares worth Rs 2,320 crore, according to provisional figures from exchanges
Beyond a near-term reversal, foreign selling and domestic buying of Indian equities may resume
What led to such record outflows? "Rising global central banks' rates, rupee depreciation, expensive valuations and geopolitical risks," says BofA in a note.