Foreign investors have turned cautious and pulled out Rs 2,313 crore from Indian equities so far this month ahead of the release of Federal Reserve’s latest meeting minutes.
However, the pace of selling has come down compared to January, when Foreign Portfolio Investors (FPIs) took out Rs 28,852 crore.
This was also the worst outflow in the last seven months, data with the depositories showed.
Prior to that, they made a net investment of Rs 11,119 crore in December and Rs 36,238 crore in November.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said rising rates in the US might lead to more capital outflows from emerging markets including India.
According to the data, FPIs withdrew a net amount of Rs 2,313 crore from Indian equities during February 1-24.
“FPIs turned cautious ahead of the release of the minutes of FOMC meeting and on the back of series of disappointing economic data in the US, indicating slow pace of moderation in inflation. This fann
Posts in category Business Standard
Sell-off spree continues in FPIs; withdraw Rs 2,300-cr from equities in Feb (26-02-2023)
Nine of top 10 firms lose Rs 1.87 trn in mcap; HDFC Bank, RIL hit hard (26-02-2023)
Nine of the 10 most valued firms faced a combined erosion of Rs 1,87,808.26 crore in market valuation last week, with HDFC Bank and Reliance Industries taking the biggest hit amid an overall weak trend in equities.
Last week, the BSE benchmark tumbled 1,538.64 points or 2.52 per cent amid concerns that the US Federal Reserve might raise interest rates further to curb inflation. Fresh foreign fund outflows also dented investor sentiments.
Barring ITC, all 10 firms, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, were the laggards.
HDFC Bank’s valuation declined by Rs 37,848.16 crore to Rs 8,86,070.99 crore at close on Friday.
The market valuation of Reliance Industries fell by Rs 36,567.46 crore to Rs 16,14,109.66 crore.
The valuation of TCS tumbled Rs 36,444.15 crore to Rs 12,44,095.76 crore and that of HDFC tanked Rs 20,871.15 crore to Rs 4,71,365.94 crore.
The market capitalisation (mcap) of ICICI Bank fell by Rs 15,765.56 crore to Rs …
Nine of top 10 firms lose Rs 1.87 trn in mcap; HDFC Bank, RIL hit hard (26-02-2023)
Nine of the 10 most valued firms faced a combined erosion of Rs 1,87,808.26 crore in market valuation last week, with HDFC Bank and Reliance Industries taking the biggest hit amid an overall weak trend in equities.
Last week, the BSE benchmark tumbled 1,538.64 points or 2.52 per cent amid concerns that the US Federal Reserve might raise interest rates further to curb inflation. Fresh foreign fund outflows also dented investor sentiments.
Barring ITC, all 10 firms, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, were the laggards.
HDFC Bank’s valuation declined by Rs 37,848.16 crore to Rs 8,86,070.99 crore at close on Friday.
The market valuation of Reliance Industries fell by Rs 36,567.46 crore to Rs 16,14,109.66 crore.
The valuation of TCS tumbled Rs 36,444.15 crore to Rs 12,44,095.76 crore and that of HDFC tanked Rs 20,871.15 crore to Rs 4,71,365.94 crore.
The market capitalisation (mcap) of ICICI Bank fell by Rs 15,765.56 crore to Rs …
Progressing towards regulation on Crypto under India’s G20 presidency: FM (26-02-2023)
Recognizing the risks attached to the private virtual assets, G20 nations moved a step closer to developing a coordinated and comprehensive policy approach to deal with the crypto assets, she said
Banning cryptocurrency should be an option: IMF’s Kristalina Georgieva (25-02-2023)
Georgieva also said that there are some disagreements between the nations on the issue of debt restructuring of low and middle income countries
Gold price unchanged at Rs 56,510 per 10 g; silver price falls Rs 500 (25-02-2023)
The price of ten grams of 24 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 56,510
Sebi to control unsolicited fin market advise from social media influencers (24-02-2023)
Markets watchdog Sebi will come out with a discussion paper to frame guidelines to control unsolicited financial and stock market advise from social media influencers as also from unregulated investment advisors.
Addressing a meeting of the Association of Registered Investment Advisers here on Friday, Sebi Whole Time Member Ananth Narayan Gopalkrishnan said some unscrupulous people are misusing their Sebi registration to further their businesses and as the regulator “we don’t want (that) to happen”.
“We’ll come out with a discussion paper seeking inputs for making effective measures to control unsolicited financial and market advises from social media influencers and also from unregulated investment advisors.
“After inputs from market participants, and other stakeholders, we’ll issue guidelines to rein them in,” Gopalkrishnan said.
There is also the issue of unregistered investment advisors, who pose greater risks to gullible investors. More important, “we see examples of misuse of
Sebi to control unsolicited fin market advise from social media influencers (24-02-2023)
Markets watchdog Sebi will come out with a discussion paper to frame guidelines to control unsolicited financial and stock market advise from social media influencers as also from unregulated investment advisors.
Addressing a meeting of the Association of Registered Investment Advisers here on Friday, Sebi Whole Time Member Ananth Narayan Gopalkrishnan said some unscrupulous people are misusing their Sebi registration to further their businesses and as the regulator “we don’t want (that) to happen”.
“We’ll come out with a discussion paper seeking inputs for making effective measures to control unsolicited financial and market advises from social media influencers and also from unregulated investment advisors.
“After inputs from market participants, and other stakeholders, we’ll issue guidelines to rein them in,” Gopalkrishnan said.
There is also the issue of unregistered investment advisors, who pose greater risks to gullible investors. More important, “we see examples of misuse of
Sebi pitches change in rules for REITs, InvITs; sponsors to own some units (24-02-2023)
Sebi has proposed changes to rules governing REITs and InvITs whereby sponsors will be required to own a certain percentage of units in these investment vehicles.
Coming out with a consultation paper on the subject, the markets regulator said the changes are being proposed keeping in mind the interest of unit holders and the structural vulnerabilities associated with absence of a sponsor for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).
The watchdog has suggested that the sponsors of REITs/InvITs should hold 15 per cent of the capital for a period of three years from the date of listing as there is no mandatory unit holding requirement after three years.
It has also been proposed to mandate sponsors to hold 5 per cent of the unit capital after 3-5 years, 3 per cent from 5-10 years, 2 per cent from 10-20 years and 1 per cent after 20 years.
“… it is felt that there is a need to have at least one sponsor throughout the life of the REIT/ InvIT
Sri Lanka’s body approves renewable energy projects of Adani group (24-02-2023)
Sri Lanka’s investment promotion body has approved two renewable energy projects of India’s Adani group to be set up in the north and eastern regions of the island nation at a total investment of USD 442 million.
The wind power plant in Mannar will operate at a capacity of 250 MW (megawatt) while the wind power plant in Pooneryn will operate at a capacity of 100 MW.
The Board of Investment of Sri Lanka has issued a letter of approval to India’s Adani Green Energy Limited, for the two wind power plants to be set up in Mannar and Pooneryn at a total investment of USD 442 million,” a release said on Thursday.
The two wind power plants of 350 MW are scheduled to be commissioned in two years and they will be added to the national grid by 2025.
The new project will generate 1500-2000 new employment opportunities.
Early this week, the Adani Group representatives met the minister of Energy Kanchana Wijesekara to check on the progress of the two projects.
This was the first official meeti