Mumbai: Unhedged currency-risk exposure of overseas funds has roiled India’s relatively calm sovereign bond market, hitherto in a one-way bull run ahead of favourable global index recasts, as the usually steady rupee abruptly slid to record lows on both onshore and offshore platforms Friday amid an evident risk-off sentiment worldwide. Foreign portfolio investors, having splurged … Read more
FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook. The investment came following a modest investment of Rs 1,539 crore in February and a massive outflow of … Read more
Mumbai: Battered shares of fast-moving consumer goods (FMCG) companies received the highest flows from foreign investors across sectors in the first half of March as they saw value in these stocks after their underperformance in recent years. The FMCG sector received the highest inflows of ₹11,180 crore after witnessing selling worth ₹4,472 crore last month. … Read more
Mumbai: The decision by India’s capital markets watchdog to exempt foreign portfolio investors (FPI) from additional disclosure requirements will ease their compliance burden where majority assets held by them are based in the country. The Securities and Exchange Board of India (Sebi) has exempted overseas funds, having more than 50% of their India equity assets … Read more
Mumbai: Regulator Sebi on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) is expected to grant relief to foreign portfolio investors (FPIs) with concentrated holdings in Indian companies without a promoter group by exempting them from stricter disclosure requirements if there is no risk of breach of public holding norms. The board of Sebi in its meeting on … Read more
Mumbai: Overseas ownership of Indian government bonds climbed about $9 billion in just five months since JP Morgan announced its decision to include local sovereign debt in its emerging markets index, illustrating the attractiveness of fixed-income assets in the world’s fastest-expanding major economy for bulge-bracket funds in a constant global hunt for stable currencies and … Read more
Mumbai: India’s equity indices gained 0.5% on Tuesday with the Nifty closing at a record level, led by gains in public sector power companies and private banks. Analysts said foreign funds cut some of their bearish bets, aiding sentiment. The Nifty gained 0.34% or 74.7 points to close at 22,196 after making a lifetime high … Read more
Mumbai: Around a dozen foreign portfolio investors (FPIs) have been asked by the income tax (I-T) department in the last one month to share the identities of authorised signatories of their bank accounts as well as justify the treaty benefits claimed by them. If the signatories are residents, the tax office, some feel, may question … Read more
New Delhi: Foreign Portfolio Investors (FPIs) continued their bullish stance on the country’s debt markets with a net infusion of over Rs 15,000 crore so far this month, on the back of inclusion of Indian government bonds in the JP Morgan Index along with relatively stable economy. This followed a net investment of Rs 19,836 … Read more
