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.
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.