As the deadline for inclusion of government bonds in a JP Morgan index nears, several overseas investors eager for exposure to Indian assets but without the necessary registrations have piled into a derivative product that may account for a substantial 30% share of the near-$10-billion flows into local debt over the past nine months. International … Read more
Sensex’s 5,000-point journey to 75,000 took just 80 days, fuelled by a mix of foreign and domestic institutional flows. Though the last 5,000-point rally would have been one of the fastest in Sensex’s history, index moves of older periods based on points may not be strictly comparable with the latest changes because of the differences … Read more
Cash pouring into India from its watershed inclusion into key global bond indexes is already reshaping markets in a country long keen to insulate itself from hot money flows. Foreign investors have pumped roughly 780 billion rupees ($9.4 billion) into eligible sovereign bonds since JPMorgan Chase & Co.’s landmark announcement in September and are beginning … Read more
Synopsis FPIs’ contribution to the institutional flow at 73% in December increased sharply from 10% a month ago and 34% a year ago reflecting a change in stance. After selling heavily during the first half of 2023, FPIs deployed Rs 66,134 crore in December alone. It was their highest monthly inflow, surpassing the previous high … Read more
