Rajiv Batra, Head of Asia Pacific ex JP/CN, Equity Strategy and Head of India & Southeast Asia Equity Strategy, JPMorgan, says the second quarter of this fiscal year will not give great joy because the extreme heatwaves season will be replaced by torrential rainfalls which could be impacting some amount of demand. But that does … Read more
Indian market is likely to consolidate on Tuesday tracking mixed global cues. Foreign institutional investors (FIIs) sold to the tune of Rs 4680.51 cr while domestic institutional investors (DIIs) bought to the tune of 4477.73 cr on Monday. FIIs’ long-short ratio for index futures is at 51.45 as on a net basis, they sold 7222 … Read more
Led by a confluence of global factors like sharper-than-expected weakening of the US labor market, unwinding of Yen carry trades and rising geopolitical tensions in the Middle East, FIIs withdrew $1.3 billion from the Indian stock market in the week. However, buying of around $2.2 billion worth of equities by domestic institutional investors last week … Read more
The newly-listed Ola Electric Mobility on Friday announced that it will be holding its first board meeting after the listing on the exchanges, scheduled for August 14, 2024. “Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that … Read more
Ahead of the June quarter earnings season in which IT majors managed to beat Street expectations led by significant improvements in the BFSI sector, mutual fund managers were smart enough to buy IT stocks even as FIIs sold. June quarter shareholding pattern shows that MFs raised stake in Infosys by 116 bps to 19.09%. The … Read more
DP Singh, Deputy MD, SBI MF, says we may not see the largecap category itself having SIP flows, but the other funds also, every midcap and smallcap fund has some percentage of largecap stocks. So, do not look at the numbers just in the largecap category, but largecap stocks are also getting quite good flows.The … Read more
“Given the recent election results fell short of expectations for the NDA, there might be a renewed focus on social expenditure, particularly in rural areas, to boost consumption, and drive economic activity,” says CA Arun Kumar Poddar, CEO & Executive Director, Choice International Ltd. In an interview with ETMarkets, Poddar said: “For the next six … Read more
“FII ownership at 16% is probably the lowest level of ownership. At the peak, we had 24% of the market owned by FIIs,” says Ajit Banerjee, Chief Investment Officer of Shriram Life Insurance. In an interview with ETMarkets, Banerjee said: “FIIs reversed their selling trend and collectively purchased equities amounting to ₹2,061 crore in the … Read more
“FIIs have strong buy position in the market and they are not unwinding the position as of yesterday. So, data-wise technically also market looks neutral to bullish on Nifty and Bank Nifty both,” says Aditya Arora, Adlytick. 100 points of gain yet again that we are seeing on the market. Market is trading at an … Read more
Shrugging off all worries related to elections, foreign institutional investors (FIIs) have ended up buying Indian stocks worth about Rs 26,565 crore in June – before the Union Budget and India’s inclusion in JP Morgan’s bond index. After being net sellers in the last two months, a U-turn by FIIs comes amid expectations that reforms … Read more
