Pharmaceuticals firm Wockhardt firmly denied recent allegations concerning rent payments made by its associate company, Carol Info Services, and their link to orders issued by the Securities and Exchange Board of India (SEBI), via a filing after the market hours on Friday. “It has come to our attention that there are certain allegations pertaining to … Read more
Foreign investors dumped shares in financial services companies worth ₹14,790 crore during the first-half of August. This is the highest selling by FPIs across sectors in this period. These investors sold shares worth ₹28,642 crore across 15 sectors between August 1 and 15, according to data from National Securities Depository Ltd (NSDL). Analysts said that … Read more
Mark Mobius, Mobius Emerging Opportunities Fund, says at the end of the day, it is not foreign investors who drive the Indian market, it is domestic investors. RBI recently said that they want the banks to attract more deposits and probably one of the reasons for this is that there are too many retail investors … Read more
ET Intelligence Group: Foreign investors are enhancing their exposure to the Indian automobile sector at a record pace, enthused by earnings that have exceeded consensus estimates, supported by lower raw material prices and an improved product mix.According to data from NSDL, foreign investor weightage in the auto sector reached a record 8.10% in July on … Read more
Alessia Berardi, Head of Emerging Macro and Strategy, Amundi Investment Institute, says investors need to reconcile the high valuation of the Indian market with the high potential growth in India. The valuation did not deter foreign investors from entering the market as we have seen since last year. India is a country in transformation. Investors … Read more
Foreign investors pumped ₹22,670 crore into shares of companies across 19 sectors between July 1 and 15, according to data from National Securities Depository (NSDL). Capital goods, automobiles, information technology (IT), and healthcare were among the sectors that witnessed the highest inflows in the period. The capital goods sector saw robust inflows worth ₹3,612 crore … Read more
Foreign investors infused over Rs 7,900 crore in Indian equities in the first week of the month amid a healthy economic and earnings growth momentum. With this, total FPI investment in equities reached Rs 1.16 lakh crore so far this year, data with the depositories showed. Going forward, the Union Budget and Q1 FY25 earnings … Read more
Mumbai: From Friday, a new era of global interconnectedness begins for the Indian sovereign debt market with government bonds’ inclusion in an international bond index set to attract billions of dollars of foreign money and increase worldwide scrutiny on the country’s fundamentals. JP Morgan will include 27 fully accessible Indian government bonds in its GBI-EM … Read more
Real-time dollar settlement in India’s newest financial hub in Gujarat is likely to become operational later this year or by early 2025, according to a senior official, a step that could burnish the country’s appeal to foreign investors. The service which will cut down on times and delays, and it would be available for financial … Read more
Overseas investors were sellers to the tune of ₹12,519 crore across 11 sectors between June 1 and 15, as per data from National Securities Depository Ltd (NSDL). FPIs shifted money from Oil & gas, construction, information technology and metals & mining. Oil & gas sector witnessed the largest selling by foreign investors worth ₹3,683 crore … Read more
