The exodus, which was triggered by the imposition of an additional surcharge on the super-rich, resulted in the withdrawal of more than Rs 30,000 crore from the Indian equity market by FPIs between July and August.
Lately, however, FPIs have been on a selling spree withdrawing around 25,000 crore from cash market since the budget on July 5. DIIs, on the other hand, buying shares worth over Rs 30,000 crore.
Apart from relentless selling by FIIs, muted results from India Inc for June quarter, trade war, geopolitical concerns and slowdown fears have affected investments.
FII net investment in India was more than Rs 10,000 crore in June quarter. They invested net Rs 2,272.74 crore in equities and Rs 8,111.80 crore in the debt segment
Experts are of the view that investors should not worry too much on under-ownership of stocks by FIIs as many times it offers potential opportunity for them to top up and increase exposure in them in the future
FPI ownership in BSE 200 is at 24.1 percent as of March 2019, which shows that as a group they have a substantial interest in Indian equity market
Despite pouring in Rs 40,000 crore during January-March 2019, FIIs have sold net Rs 20,000 crore worth of stocks in last one year
These are Asian Paints, NHPC, AU Small Finance, Wabco India, Teamlease Services, Mishra Dhatu Nigam, Tejas Networks and HOEC
US Fed commentary, expectations of a recovery in earnings, as well as expectation of a stable government at the center are some factors which might be triggering a rally in Indian markets, suggest experts.
The focus in portfolio investments should be largely on large-caps and to some extent on the mid-caps, and one needs to be selective in the investments given the liquidity conditions in the market,
If BJP were to retain 2 out of 3 Hindi heartland states where it is in direct competition with the Congress, market would heave a sigh of relief and be range bound.
India has a strong position vis-à-vis other emerging markets (both in terms of growth and external debt), and the fall in crude only strengthens our macro picture, said Alok Agarwal, Senior Fund Manager-Equity, DHFL Pramerica Mutual Fund
FIIs which turned net sellers in Indian Capital markets in August, September and October pulling out nearly Rs 60,000 crore in the last three months turned net buyers in November.
Mukherjee says the early trends of the first quarter earnings season seems to indicate that the Nifty may struggle to log a 25 percent earnings growth for this financial year. That is because there are hardly any sectors capable of delivering huge earnings surprises
Interview with Nitasha Shankar, Sr. Vice President and Head of Research, YES Securities (I) Ltd
Nifty 10250 Put added 3.7 lakh shares in Open Interest while Nifty 10200 Put added 3.2 lakh shares in OI.
F&O cues: Nifty 9800 Put added 7.7 lakh shares in Open Interest and Nifty 10100 Call Adds 2.15 lakh shares in OI.
At the current juncture, Option data is indicating continuation in the consolidation phase of 9,700 – 10,040 in upcoming sessions too.
F&O cues: Nifty 10000 Call added 9.6 lakh shares in Open Interest and Nifty 9900 Call added 6.8 lakh shares in OI.
F&O cues: Nifty 9800 Put added 11.5 lakh shares in Open Interest and Nifty 9900 Put added 10.1 lakh shares in OI.
F&O cues: Nifty 9800 Put added 6.45 lakh shares in Open Interest and Nifty 9600 Put added 4.7 lakh shares in OI.
F&O cues: Nifty 9500 Put added 10.9 lakh shares in Open Interest and Nifty Nifty 9700 Put added 8.5 lakh shares in OI.
F&O cues: Nifty 10500 Call added 13.1 lakh shares in Open Interest and Nifty 10400 Call added 10.6 lakh shares in OI.
The whole character of this market is a very large domestic allocation of equities which has provided a solid base to this market, said Rajat Rajgarhia, MD, Institutional Equities, Motilal Oswal Securities.
F&O cues: Nifty 10000 Call added 8.8 lakh shares in Open Interest and Nifty 9900 Put added 3.88 lakh shares in OI.