FOREIGN FUND OUTFLOWS
IPO rush keeps FPIs busy in primary market in November, outflow continues in secondary market
In November 2024, Foreign Portfolio Investors (FPIs) invested significantly in India's primary market through IPOs, while selling in the secondary market slowed down compared to October. FPIs' strong primary market engagement results from a surge in IPO activity, with 79 mainboard IPOs raising nearly Rs 1.4 lakh crore so far in 2024.
Global funds find bright spots in India despite equity outflows
Overseas investors are identifying opportunities in India despite significant outflows. Notable inflows have been seen in industrials, healthcare, and telecommunication stocks. Prime Minister Modi¡¯s push for manufacturing and increases in telecom prices are contributing factors. Financial stocks have been less attractive due to narrowing margins and asset quality concerns. Overall market trends indicate sector-specific investments are prominent.
Rupee weakens to 84.485 per dollar amid FPI outflows and month-end dollar demand
The Indian rupee weakened to 84.485 per US dollar on Thursday. Foreign investor selling and month-end dollar demand from importers pressured the rupee. RBI intervention likely capped excess weakness. Geopolitical tensions and FII outflows of Rs 11,756 crore in November are contributing to the rupee's decline.
Rs 1.16 lakh crore FII money flushed out in nearly 2 months. Why should you still not worry?
Despite recent selling by foreign institutional investors (FIIs) over the past month and a half, which has led to an 8-9% correction in Indian benchmark indices, FII outflows account for only about 1% of foreign ownership in domestic equities. The local markets remain supported by strong domestic ownership at 83%, bolstered by robust retail investor demand.
Rupee rises 8 paise to 84.38 against US dollar in early trade
The Indian rupee saw a slight recovery against the US dollar, appreciating to 84.38 despite a strong dollar and foreign fund outflow. Lower crude oil prices aided the rupee's rise, while rising inflation and a surge in US Treasury yields posed challenges. India's merchandise exports surged, but the trade deficit widened, and forex reserves declined.
Over 100 smallcap stocks see double-digit fall in a week amid market correction
Indian markets have corrected 10% from the peak due to weak Q2 results and FII outflows. 103 smallcap stocks declined double-digits, with Kopran Ltd leading the losses at 26%. Other notable declines include Globus Spirits, Antony Waste, and BASF India.
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After Rs 1.2 lakh crore FII outflow, CLSA shifts focus back to India from China
CLSA reverses its investment shift from India to China, citing economic concerns in China, trade tensions, and rising U.S. yields. It increases India exposure, despite risks like market issuance surge.
Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade
The Indian rupee hit a record low against the US dollar due to foreign investors selling their holdings and strong demand for the dollar. The Reserve Bank of India has been intervening to support the rupee, leading to a decline in India's foreign exchange reserves. High inflation and concerns about China's economy also weighed on investor sentiment.
FPI selloff in equities slows in Nov, so does buying by domestic funds
In the first five trading sessions of November, FPIs sold equities worth ?19,993.7 crore ($2,374.6 million) net according to the data from NSDL. This compares with a massive selling of ?44,914 crore ($5,352.1 million) in the first five sessions of the previous month, forming nearly half of the total selling worth ?94,017 crore ($11,195.4 million) for the whole month.
Rupee falls 5 paise to all-time low of 84.37 against US dollar in early trade
The Indian rupee hit a new all-time low against the US dollar due to foreign fund outflows and weak domestic equities. The US Fed's recent interest rate cut and potential future cuts are influencing the rupee's trajectory. Despite market volatility, experts predict the RBI will maintain a controlled range for the rupee against the dollar.
FIIs just sucked out Rs 26,000 crore from banks and financial stocks. More pain on the way?
Foreign investors pulled out Rs 26,139 crore from Indian bank stocks in October. This was part of a larger withdrawal from Indian markets. FIIs also sold oil and gas, FMCG, and auto stocks. Analysts cite several factors, including US growth and sluggish Indian corporate earnings. However, domestic investors are showing interest in the financial sector.
Foreign outflows of $3.1 bln from Indian financials drive record monthly sales in October, data shows
Foreign portfolio investors (FPIs) pulled out about $3.1 billion from Indian financial stocks in October, the second-highest amount ever from the sector and accounting for 30% of the record overall withdrawal for the month, data showed on Thursday.
FIIs likely to have lost No. 1 Dalal Street investor status to desi boys
With strong inflows into mutual funds, the share of domestic institutional investors (DIIs) grew at a faster rate than that of foreign institutional investors (FIIs). Consequently, the gap between FII and DII shares narrowed further, reaching a record low of 1.09% at the end of September.
Record foreign exodus casts a pall over India¡¯s stock market
Foreign investors are becoming increasingly bearish on India¡¯s stock market, withdrawing a record $10 billion in October as signs emerge that the country¡¯s post-pandemic economic growth is slowing. This massive pullback contributed to the benchmark stock index nearing a technical correction. Citigroup warns that continued foreign outflows could weigh on the market's performance in the near term.
What¡¯s behind the recent volatility in Indian equity markets?
Driven by robust domestic investments and strong company performance, Indian stock markets had been resilient. However, October saw an 8% decline in benchmark indices, fueled by a surge in foreign selling. This shift is attributed to rising US bond yields, a strengthening dollar, and policy changes favoring Chinese and Japanese markets.
Rupee moves in narrow range against US dollar in early trade
The rupee appreciated by 1 paisa to 84.06 against the US dollar in early trade on Monday, influenced by persistent foreign fund outflows, a muted trend in domestic equities, and rising crude oil prices. This follows a relatively quiet week due to Diwali celebrations and ongoing intervention by the Reserve Bank of India.
Rupee ends October near record low; cenbank quells volatility
The Reserve Bank of India's relentless intervention has limited the rupee's fall and helped it outperform against major Asian peers ahead of the U.S. presidential election on Nov. 5.
Rupee opens on flat note, rises 1 paisa to 84.07 against US dollar in early trade
The rupee rose 1 paisa to 84.07 against the US dollar amid strong dollar demand and foreign fund outflows affecting investor sentiment. RBI interventions may support it at lower levels. Upcoming IPO inflows may provide relief, while domestic equities and macroeconomic data impact its movement.
Rupee trades in narrow range against US dollar in early trade
The rupee saw a slight appreciation by 1 paisa to 84.07 against the US dollar amid foreign fund outflows and a strong dollar. Traders expect range-bound trade, with support from the RBI's reserves. Sensex and Nifty showed modest gains, while India's forex reserves declined.
"Space of risk": Rahul Gandhi warns of stock market dangers
Rahul Gandhi expressed concern over the sharp decline in Indian stock markets. He discussed with Pawan Khera how the Congress party should protect youngsters, salaried individuals, and common people who invested in stocks. Gandhi showed willingness to join a communication campaign aimed at safeguarding retail investors' hard-earned money.
RBI injects funds to rein in bank funding costs amid forex outflows
The RBI's recent ?25,000 crore VRR auction aims to mitigate liquidity pressures from overseas capital outflows and festive cash demands. This follows the central bank's policy shift to a neutral stance, indicating more tolerance for easier liquidity conditions to support the banking system.
Rupee turns flat at 84.07 against US dollar in early trade
The rupee traded near its all-time low of 84.07 against the US dollar, due to firm American currency and significant foreign fund outflow. Forex traders cited a slight recovery in domestic equity markets, but investor shifts towards the Chinese market and higher US treasury yields hindered its recovery.
Rupee closes at new low of 84.0775 vs USD amid outflows
The Indian rupee closed at yet another record low of 84.0775 against the US dollar on Tuesday, pressured by outflows caused by Hyundai routing back funds to its parent company in South Korea after its latest IPO, dealers said.
Rupee turns flat at 84.07 against US dollar in early trade
The rupee holds steady at 84.07 against the US dollar, buoyed by a dip in crude oil prices and a retreating dollar. Domestic equity markets see gains, with the Sensex rising by 180.46 points, despite significant outflows from foreign institutional investors and ongoing concerns over domestic corporate earnings.
Big movers on D-Street: What should investors do with Manappuram Finance, Raymond Lifestyles and 360 One Wam?
Benchmark indices Sensex and Nifty closed lower on Monday due to a sharp decline in Kotak Mahindra Bank and continuous foreign fund outflows. Manappuram Finance fell significantly after RBI restrictions on NBFCs. Raymond Lifestyles and 360 One Wam showed varied performance, with technical indicators showing possible recoveries under certain conditions.
Big movers on D-Street: What should investors do with Bajaj Auto, L&T Tech and BSE?
Benchmark Sensex fell by 318 points and Nifty slipped below 25,000 on Wednesday due to foreign fund outflows and weak global trends. Stocks in focus were Bajaj Auto, LTTS, and BSE. Bajaj Auto saw a slight rise, LTTS faced bearish pressure, while BSE shares declined significantly. Analysts suggest various actions for investors.
Indian stocks head for most monthly foreign outflows in 4 years
Overseas investors have withdrawn over $7 billion from Indian stocks in October, marking the highest outflows since March 2020, as sentiment shifts towards China amid stimulus measures.
Rupee trades in narrow range against US dollar in early trade
The rupee depreciated by 2 paise to 84.07 against the US dollar in early trade. This was due to foreign fund outflows, high crude oil prices, and a strong dollar. However, positive domestic equities provided some support. Investors are watching the RBI moves closely. Sensex and Nifty saw gains in the domestic market.
Dollar strength on hot US jobs & CPI gives RBI reason to let Rs 84 give way
The Reserve Bank of India allowed the Rupee to weaken beyond the 84 mark, influenced by significant global fund outflows and shifting valuations. While the RBI aims to maintain the competitiveness of the Rupee and control volatility, it is showing more readiness to prevent Rupee appreciation rather than depreciation to conserve reserves.
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