Shah said FIIs are exiting the Indian market due to the overall weak performance by the emerging markets, which has led to the 'Quit Emerging Markets' movement.
Since China announced its stimulus, the Nifty 50 has declined by 8 percent, while China's Shanghai Composite has gained 17 percent.
DIIs bought Rs 16,987.42 crore worth of shares and sold equities worth Rs 21,414.50 crore. Meanwhile, FIIs purchased Rs 59,452.33 crore in shares and offloaded equities worth Rs 45,388.28 during the trading session
At the current pace, DIIs could surpass FPI holdings in the next few quarters, with the gap between the two at an all-time low
Officials this week imposed caps on some brokerages’ cross-border total return swaps with clients, limiting a channel that can be used by China-based investors to short Hong Kong stocks, said the people, asking not to be identified discussing a private matter.
Despite the selling this year, foreign investors remained most overweight on financials and information technology. Domestic mutual funds remained most overweight on financials, healthcare, telecom and are underweight on energy and staples
In contrast to the last bout of selling, the ongoing FII exodus is much milder. Even VIX is sub-20. The range for Nifty is much narrower too, as it swings between 17,000 and 18,000
Indian markets have dropped for nine out of the last 12 sessions. Both the Sensex and Nifty have lost around 6.3 percent each since September 13. The Sensex dropped around 3,765 points while the Nifty declined 1,136 points over this period.
In today’s edition of Moneycontrol Pro Panorama: Shriram Finance’s new innings, ITC demerger plans fall through, the inflation jigsaw, what to tick in a health policy, reality check on supply shortage and more
It’s a cracker of a month for the mutual fund industry with record flows coming into equity funds. Indian retail investors has become a force in the Indian market but how long can the party last? Sumaira Abidi reports.
The portal is in the testing phase and the final version will be ready for launch by May 15, 2021.
The conventional narrative is that liquidity from central banks is fuelling the market rally. But is that true?
According to Deutsche Bank's India Equity Strategy Report, domestic institutional inflows are becoming a meaningful determinant of market performance.
"This round will take the total domestic ownership to over 50 per cent which qualifies us to apply for the final license for the payments bank. We expect to launch the bank in 2-3 months from now," its managing director and chief executive Rishi Gupta told PTI.
The company raised fund from HDFC Ergo General Insurance, HDFC Standard Life Insurance, ICICI Prudential Life Insurance, RBL Bank, Shriram Life Insurance, Small Industries Development Bank of India (SIDBI) and private equity funds such as Arpwood Investments and Faering Capital, a release said.
Navneet Munot, CIO, SBI Mutual Fund says it's yet early days but India could be an ‘oasis of hope‘ among emerging markets (EMs) because on a relative basis the macro fundamentals look good along with optimism of domestic investors which has been supporting India market.
Three days, 5,000 delegates and over 300 exhibitors, Invest Karnataka 2016 is the Karnataka governments first such global business summit to showcase what the state has to offer to foreign and domestic investors.
Going ahead, Udayan Mukherjee believes liquidity for emerging markets is going to continue to shrink, considering FIIs have been selling out of most emerging markets.
This defeat may force the government to review its policies and wonder whether a more left of centre kind of an approach may be more beneficial in the run up to the UP election in 2017, which is more important than Bihar, says CNBC-TV18 consultant Udayan Mukherjee
These type of events happen every year for a couple of times and the entire market gets routed but if you look India in specific, there is not much downward scope from these levels, said Dilip Bhat
The current conditions are extremely conducive after a long time. Apart from the big political event in two months, corporate earnings are more important. He says throughout the slowdown, there has not been a single year of decline in earnings, says Raamdeo Agrawal of Motilal Oswal Financial Services
Rahul Singh, Head of Equity Research of Standard Chartered Securities says a little bit of election beta rally has picked up steam in the last 3-4 weeks. The portfolios need to add a bit of an election beta and reasonably priced election beta - investors don‘t need to go out there and buy some high risk stuff but reasonably priced stocks, he adds.
Arindam Ghosh, MD & CEO, Blackridge Capital Advisors, believes RBI will go with the consensus and hike repo rate by 25 bps and lower MSF by an equivalent amount. As far as the mkt goes, he feels the move from 5,200 to 6,200 level is kind of huge and one needs to be cautious at these levels.
Radhika Gupta of Forefront Capital Management feels that investors should now diversify their income towards commodities.
Dilli Raj, CFO, SKS Microfinance, explains to CNBC-TV18, that the company will be in the black by the third quarter. Raj adds that the subscribers of the IPO issued by the company are primarily foreign institutional investors with some participation from domestic investors.