FIIs finally turn positive on Indian equities
FIIs pulled out ₹37,632 crore in FY23 but in March they poured over ₹7,936 crore into Indian equities.
FIIs pulled out ₹37,632 crore in FY23 but in March they poured over ₹7,936 crore into Indian equities.
The core debt of Indian Non-Financial Corporates reduced from 58.3% to 52.3% of GDP, while government debt moved up from 69.5% to 82.4% of GDP in the last 5 years.
The drawdown in forex reserves is expected to continue in the September quarter, despite the possibility of lower capital outflows and improvement in current account deficit.
Foreign institutional investors' share of Indian equities has hit a multi-year low of 20%
In 2008, FIIs sold equities worth ₹53,000 crore and Nifty fell 35% while in first 74 days of current calendar year net selling by FIIs is ₹1.11 lakh crore and Index fell by just 9%.
The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
Despite the Survey’s positive tone, the Sensex and Nifty 50 closed in the red, falling nearly 8% in a matter of five trading sessions from their January 21 life–high.
Market experts welcome the 30–stock benchmark adding 6,000 points since December 1, but also caution against stretched valuations.
While the mutual fund industry assets under management crossed ₹31 lakh crore, MFs continued to reel under record–high redemption pressure in December. What would the new year bring?
Although bourses are roaring, SEBI data shows mutual fund managers have been playing smart by continuing to be net sellers of equities, even in the month of November.