FPIs invested Rs 22,893 crore into equities but pulled out Rs 1,658 crore from the debt segment, taking the total net investment to Rs 21,235 crore between June 1 and June 26
This comes after many investors raised concerns over the People’s Bank of China (PBOC) raising its stake from 0.8 percent to 1.1 percent in the March quarter and this could lead to some of the stocks becoming susceptible to acquisition.
FPIs are considering shifting base to avoid disadvantage against competitors based in Singapore or Mauritius for investments in India
Experts believe foreign portfolio investors (FPIs) will keep a close watch on how India manages to keep COVID-19 cases under check with relaxations in lockdown curbs, and how quickly it revives growth.
Since its introduction, the VRR scheme has seen strong investor participation, with investments exceeding 90 percent of the limits allotted under the scheme.
While AIIB is a multilateral development bank, which has got India as a member too, PBoC is China's central bank. Other registered FPIs in India include the National Social Security Fund (NSSF), a government-run investment fund established primarily to provide a reserve of funds for China's social security system.
Of the 39 trading sessions during these two months, only eight days recorded net FPI inflows
Reversing their two-month selling streak, overseas investors pumped in a net Rs 15,958 crore in the Indian capital markets in the first week of May.
As per the depositories data, FPIs pulled out a net sum of Rs 6,884 crore from equities and a net Rs 8,519 crore from the debt segment between April 1-30.
Between April 1-24, foreign portfolio investors (FPI) pulled out a net sum of Rs 6,822 crore from equities and Rs 3,525 crore from the debt segment, depositories data showed.
Between April 1 to 17, FPIs pulled out a net sum of Rs 3,808 crore from equities and Rs 8,842 crore from the debt segment, the depositories data showed.
As per latest depositories data, foreign portfolio investors (FPI) withdrew a net sum of Rs 2,951 crore from equities and Rs 6,152 crore from the debt segment between April 1-9.
This is also the highest withdrawal ever since the FPI data has been made available by the National Securities Depository Ltd.
The intensity in the selling was massive, at levels not witnessed in the last 10 years
In order to contain the spread of coronavirus, lockdowns have become a norm world over and have led the FPIs to adopt a cautious stance, market experts said.
These are indeed unprecedented times, and it’s important to maintain asset allocation discipline. Valuations are attractive, we would recommend investors should capitalise on increasing allocation.
While shares of Yes Bank rose sharply by more than 50 percent to hit a high of Rs 40.40 apiece at the BSE on Monday following a restructuring scheme notified by the government on Saturday, one particular clause to restrict trading in the bank's shares left many investors concerned.
Prior to this, FPIs were net buyers in the Indian capital markets for six consecutive months since September 2019.
According to the depositories data, Foreign portfolio investors (FPIs) pumped in a net amount of Rs 1,820 crore into equities and Rs 4,734 crore into the debt segment between February 3 to 28.
While India may not be impacted much at an overall level, we know several sectors have supply chain linkages to China, especially pharma, autos, and electronics, says Abhiram Eleswarapu of BNP Paribas.
The announcement comes after the tax haven was put on the ‘grey list' of Financial Action Task Force (FATF) -- an inter-governmental policy making body that sets anti-money laundering standards.
FPIs have been net buyers in the Indian markets since September 2019, the data showed.
Shareholders have also approved the resolution to "increase investment limits by the Foreign Portfolio Investors (FPIs) from 24 percent to 40 percent of the paid-up equity share capital of the company", the filing said.
This comes following a net outflow of $3.22 billion by foreign portfolio investors (FPIs) in the quarter ended September 2019.
Foreign portfolio investors (FPI) put in Rs 6,350 crore in the debt segment between February 3-7, the data showed.