FPIs take out Rs 22,000 crore from equities in May amid poll jitters, Chinese mkt outperformance

FPIs take out Rs 22,000 crore from equities in May amid poll jitters, Chinese mkt outperformance

Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. This came following a net outflow of over Rs 8,700 crore in the entire April on concerns over a tweak in India’s … Read more

stock market news: Is the stock market closed tomorrow for Mumbai elections?

stock market news: Is the stock market closed tomorrow for Mumbai elections?

Equity markets will remain closed on Monday on account of the Mumbai elections, according to the market holiday calendar of BSE. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed tomorrow. The Multi-Commodity Exchange (MCX) will remain closed for the morning session but will be open for the … Read more

Ashmore counters consensus with big bet on China over India

Ashmore counters consensus with big bet on China over India

London-based asset manager Ashmore Group PLC is reducing its exposure to Indian equities and has made China the #1 pick in its emerging-markets fund, arguing that India’s stock market is overhyped and overcrowded while China’s is set for a rebound. With $6.5 billion invested in emerging equities, the fund has allocated 26% of its EM … Read more

Investors: Investors brace for a volatile week on D-Street

Investors: Investors brace for a volatile week on D-Street

Mumbai: Indian equities could wilt early this week as the escalating Iran-Israel conflict threatens to engulf both emerging-market risk assets and commodity supply chains in one of the most volatile geographies on the planet. With oil prices expected to leap on worries about supply disruptions in the wake of the clash, investor sentiment is expected … Read more

FPIs: FPIs cut back on FMCG, auto, financial services shares

FPIs: FPIs cut back on FMCG, auto, financial services shares

Mumbai: Fast-moving consumer goods (FMCG) shares saw the highest selling by foreign investors in the second-half of March. Foreign funds dumped shares worth ₹4,939 crore in the sector after buying worth ₹11,180 crore during the first-half of the month as per data from National Securities Depository Ltd (NSDL). The sector witnessed outflows worth ₹4,472 crore … Read more

Indian equities: Japanese retail investors pile billions into Indian equities

Indian equities: Japanese retail investors pile billions into Indian equities

Japan’s retail investors are pouring money into Indian stocks amid bets the nation will be the next China. Total assets of India equity-focused investment trusts in Japan grew 11%, or ¥237 billion ($1.6 billion), in January, according to data compiled by Bloomberg. Factoring in the gains of Indian stocks on the yen basis last month, … Read more