
Do Foreign Portfolio Investors Matter For Indian Stock Markets?
FPI withdrawals hit ₹1.76 lakh crore in less than 10 months as global macros play spoilsport.
FPI withdrawals hit ₹1.76 lakh crore in less than 10 months as global macros play spoilsport.
9 month calendar year sale is double the outflow seen over 2008, 2011 and 2018
Nageswaran says whenever Federal Reserve is on an aggressive tightening, this type of currency reaction happens historically. This time it is far more moderate, he adds
The existing eligible foreign entity route, which required actual exposure to Indian physical commodities, has been discontinued.
The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
Rising inflation and firming bond yields in the U.S. push down Indian benchmark indices, causing a correction of around 6% from the latest life–highs of February 16.
Despite the Survey’s positive tone, the Sensex and Nifty 50 closed in the red, falling nearly 8% in a matter of five trading sessions from their January 21 life–high.
Market experts welcome the 30–stock benchmark adding 6,000 points since December 1, but also caution against stretched valuations.
While the mutual fund industry assets under management crossed ₹31 lakh crore, MFs continued to reel under record–high redemption pressure in December. What would the new year bring?