The government budgets to earn approximately Rs 20,000 crore through QIP of five banks, namely Bank of Maharashtra, Indian Overseas Bank, UCO Bank, Central Bank of India, and Punjab and Sind Bank.
SEBI’s easing guidelines for FPIs may not spur demand in the short run, but easing macroeconomic conditions may give some comfort to these investors
Jain expects Nifty to compound in the low double digits over the next three to five years
In the budget, the government plugged a key loophole in tax rules which allowed FPIs to enjoy a 10% LTCG rate on non-equity investments.
FPI holdings in Indian government securities under the FAR route in absolute terms witnessed the second-biggest reduction so far this month in the calendar year, after the heavy drop in April.
Clearing Corporation of India data shows FPI investment in governments securities under FAR route reduced to Rs 2.44 lakh crore as on October 29 from Rs 2.50 lakh crore on October 1
SEBI has mooted the idea of an abridged version of the Common Application Form for applicants whose information is already captured in the Depositories' modules. This follows a market feedback that a shortened form would save time and effort in review of applications.
According to the CCIL data, the 10-year benchmark bond 7.10 percent 2034 yield stood at 6.933 percent on July 30, as compared to 7.012 percent on July 2.
JPMorgan will add Indian securities to its Government Bond Index-Emerging Markets starting June 28, 2024.
While FPIs may adopt a cautious stance until the election results are clear, favourable outcomes and established political stability could see their return in significant numbers, Trivesh D, COO at Tradejini, said.
In 2023-24, Indian corporates and banks raised Rs 10.13 lakh crore through bonds, which was around 19 percent growth on-year, according to data from Prime Database.
Any major appreciation of the rupee is likely to be capped by the Reserve Bank of India’s intervention in the market to absorb the flows, they said.
Ten-year bond yields are expected to trade in the 6.70-6.90 band as FII flows are expected to be in the 5-to-10-year segment, said Nagarajan.
Indian debt yields are comparatively higher than the US debt yields, making them more attractive to FPIs. With this, the total investment by FPIs in equity has reached Rs 97,405 crore and over Rs 47,800 crore in the debt market this year so far
In the current scenario, experts believe that there could be an enhanced focus on safe-haven assets such as gold and US dollars. On the other hand, the debt market attracted Rs 6,053 crore in the period under review after receiving Rs 6,381 crore in October, data shows
This came following a nine-month high investment of Rs 43,838 crore in equities in May, Rs 11,631 crore in April and Rs 7,936 crore in March, data with the depositories showed.
This came following a net outflow of Rs 3,920 crore by foreign portfolio investors (FPIs) from equities in the preceding week (February 7-12), data with the depositories showed.
Foreign portfolio investors (FPIs) have now pulled out around Rs 2.2 lakh crore from domestic equities in the first six months of 2022 — the highest-ever net withdrawal by them.
FPIs pulled out Rs 41,168 crore from equities, Rs 4,431 crore from the debt segment and Rs 9 crore from hybrid instruments, taking the total net outflow between March 2-11 to Rs 45,608 crore.
In October, FPIs remained net sellers at Rs 12,437 crore.
In July, FPIs were net sellers at Rs 7,273 crore.
The monopoly of the FCs is a leading cause for lack of transparency. A section in the US SEC rule prevents Indian custodians from getting FPI business. Unfortunately, neither the RBI nor the SEBI has addressed this discrimination
Higher scrutiny includes bi-annual scrutiny of accounts and UBO reporting once every three months
the markets regulator has decided to permit appropriately regulated private bank and merchant bank to invest on behalf of their clients, subject to certain conditions.
The stock market regulator Sebi is all set to overhaul the regulations which govern the way foreign portfolio investors (FPI) come into India.