Frenzied buying by FIIs in the HDFC Bank stock Friday led to the statutory limit being crossed.
In an interview with CNBC-TV18's Surabhi Upadhyay, Samiran Chakraborty of Standard Chartered Bank, discussed the outcome of the Reserve Bank of India's board meeting.
If the FIPB allows Kotak to up FII limit to 55 percent, an increase in the foreign limit to over 50 percent would automatically qualify the bank as 'foreign-owned', leading to the conundrum of how to treat the bank's stake in its insurance business.
Ambareesh Baliga would like to top up on infra and capital goods stocks, which are expected to do well over the next 6-8 months.
In an interview with CNBC-TV18‘s Anuj Singhal and Ekta Batra, Edelweiss‘ SVP – Fixed Income Ajay Manglunia outlined why the corporate bond segment has witnessed investor interest.
The board of directors of Bajaj Corp approved raising FII limit in the company to 49 percent from 24 percent.
HDFC Bank shares plunged sharply on Friday following a sell off by foreign funds after it was deleted from the MSCI India index. Experts say the fall is short-term in nature.
According to Bhargava, Maruti has seen a better half so far with the company growing by about 17 percent since last year.
With its focus on small and medium enterprises, Abraham Chacko, executive director, Federal Bank companies in the hospitality and export sectors have performed very well and despite a few losses, the SME industry has performed well.
SEBI raised the investment limits for FIIs in government bonds to USD 30 billion as a measure to prevent foreign funds from pulling out over USD 3 billion from the debt market.
Despite a hint of change in the bond market sentiments, as the yields are touching almost 9%, the mood could be short lived if global volatility takes a toll, says Dhawal Dalal, senior vice president and head of fixed income at DSP BlackRock Investment Managers.
Foreign institutional investors (FIIs) put in bids for about $4.3 billion of Indian government securities and corporate bonds, or nearly double the stock on offer, indicating robust appetite for Indian debt, five market sources said on Wednesday.