Year 2017 first with nil funds raised; experts say easier routes of raising capital such as QIP driving down popularity of rights
Muhurat Trading Session Wrap: Financial shares led by ICICI Bank, HDFC twins top gainers chart. Nestle, L&T also up smartly, while Hindustan Unilever sheds 3 per cent.
Deficits resulting from spending on socio-economic programmes constrain ratings for the state: Agency
Market is building an earnings growth of 10-12 per cent for FY23, which seems achievable given the present earnings momentum and economic outlook, says Sanjay Chawla of Baroda BNP Paribas MF.
The change in their stance, analysts said, stems from the hope that the global central banks, especially US Fed may go soft on rate hikes as inflation cools off over the next few months.
However, analysts do caution against intermittent phases of withdrawals by FIIs given macro-economic developments across major world economies
FIIs have been on a selling spree across most EMs, including India where they have sold over $11 billion worth of equities since October 2021 when they started to unwind their position here
Prasun Gajri says that while valuations are on the higher side, market correction is likely to be triggered only by a liquidity reversal, driven by global events or any dent in earnings expectations.
FPI holding in BSE200 firms now at 23.8%, lowest since June 2014