Mirzapur
Foreign Portfolio Investors Offload Holdings Worth Rs 29,519 Crore in Current Fiscal Year
During February up to the 16th, FPIs divested equity holdings amounting to Rs 6,112 crores through exchanges. However, investments in 'the primary market and others' mitigated the net selling figure for the same period to Rs 3,775 crores. Overall, in the year 2024, FPIs have offloaded holdings worth Rs 29,519 crores.
UBS Highlights High Valuations in India Amid Average Company Performance
Their analysis on India highlights the discrepancy between expensive market valuations and the ordinary fundamental performance of companies.
FII selling trend unlikely to continue
The 10-year US bond yield, which had reached 5 percent on October 19, has started to decline, with a notable drop in the last two days, bringing it down to 4.66 percent as of November 3.
FIIs, Former Sustained Sellers in October, Show Potential to Become Buyers
In the short term, the dollar index at 106.3, Brent crude at around $85, and the 10-year US bond yield at 4.75 percent create favorable conditions for the stock markets.
Private equity investments in June quarter decline 33%
The investment amount however rose 7 per cent compared to the immediate previous quarter which saw $5.7 billion being invested across 181 deals, shows data from Venture Intelligence.“Clearly, Big Ticket Private Equity investors have far more confidence in investing.
US-based Invesco further slashes Swiggy's valuation to $5.5 bn
According to regulatory filings with the US Security and Exchange Commission (SEC), Invesco valued Swiggy's shares at $3,305 (as of January 31, 2023) -- down from $4,759 in October 2022. In October last year, Invesco had already reduced the valuation of its holding in Swiggy to about $8 billion. Swiggy had reached a $10.7 billion valuation in a round led by Invesco in January last year.
India's foreign exchange reserves fell by $3 bn in last week of Aug
According to the Reserve Bank of India's (RBI) weekly supplementary data, the country's foreign exchange reserves fell by $3 billion to $561.046 billion in the week ending August 26, compared to $564.053 billion in the previous week. This is the fourth straight week when foreign exchange reserves have continued with their declining trend.
China missing among nations driving India's foreign fund inflows
However, China is a notable absentee in the list and what is all the more interesting is that it has not been there in the list of main contributors to India's foreign inflows since 2017-18, according to Reserve Bank of India (RBI) data. In the list of country-wise FDI inflows into India in 2021-22, Singapore was the leading contributor with $15.9 billion worth of inflows, followed by the United States at $10.5 billion and Mauritius at $9.4 billion.
Foreign investors bought highest amount of shares on Aug 12 since starting of month
"The sentiments in the market have turned bullish due to the sustained buying by FPIs. FPIs turned net buyers in July and they have turned aggressive buyers in August. India is a preferred destination since India has the best growth prospects among large economies of the world. FPIs have turned buyers in autos, capital goods, FMCG and telecom. They continued to sell in IT," said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Rupee, bond yield ends almost flat ahead on long weekend
At the interbank foreign exchange market, the rupee ended at 79.66 against the US dollar, as against 79.64 at the close of the previous trading session. The 10-year benchmark 6.54 per cent-2032 bond yield ended at 7.2894 per cent, marginally higher than 7.2673 per cent close on the previous trading session.
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