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News stories about "FPI" in India.

Posted on: 22 Dec, 11:13 PM

Russian banks plan FPI arms to invest private wealth in India

Russian banks, including VTB, Sberbank, and Gazprombank, are considering becoming foreign portfolio investors (FPIs) to trade on Indian stock exchanges. VTB, Russia's second largest bank, has approached the Securities and Exchange Board of India (Sebi) to obtain an FPI license. The proposal will also need approval from the Reserve Bank of India (RBI). Key Points

JP Morgan Chase settles case with Sebi, pays Rs 22 lakh

On August 9, 2021, designated depository participant J P Morgan Chase Bank (JPMC), informed Sebi about the delay in intimating about the merger of Fidelity Investments Money Management Inc. (FIMM), a registered FPI, with its affiliate Fidelity Management & Research Company LLC (FMRC). Key Points

Sebi slaps Rs 1 crore penalty on Fidelity for violating FPI norms

In August 2021, designated depository participant JP Morgan Chase informed Sebi about the delay in intimation of change in material information of Fidelity Investments Money Management. Following this, Sebi conducted an examination regarding the delay in intimation of change in material information. Key Points

FPI buying hits 4-month high; markets poised to rally more

The April purchase was the highest for FPIs since their ₹36,239 crore investment last November, which drove Nifty to a record 18,887.6 on 1 December. Key Points

Adani-Hindenburg Case: Sebi defends 2019 rule change affecting offshore investors

“Instead, the issue primarily arose from the existence of thresholds for determination of BOs(beneficial owners) In fact, the thresholds were only lowered (i.e., made tighter) between 2014 and 2019,” Sebi said in its affidavit filed before the Supreme Court. Key Points

Risk-off sentiment, US yields fuel selloff in FPI-heavy stocks

HDFC Bank, with a 52% FPI holding, and IndusInd Bank, with 42%, dropped 15% each since last Wednesday. Zee Entertainment, with a 28% FPI holding, tumbled 36% during this period. Jindal Stainless and Indiabulls Housing, both with a 23% FPI stake each, dropped 13% each. Key Points

Sebi floats consultation paper on additional disclosures by FPIs

India's Securities and Exchange Board (SEBI) has published a consultation paper seeking responses from the public on proposed guidelines on additional public disclosures by foreign portfolio investors with INR250bn ($3.7bn) of assets under management in equity. SEBI estimates that high-risk FPI assets under management of around INR2.6tn ($38.3bn), about 6% of total FPI equity AUM and less than 1% of India's total equity market capitalisation, may be affected by the proposed regulations. Key Points

Foreign investors turn net buyers for first time in CY23, pump in Rs 3450 cr in 4 days; what’s ahead for FPIs?

Analysts attribute it to the GQG investment in Adani Group companies and other bulk deals that took place in March and the narrowing current account deficit (CAD) from 4.4% in Q2 FY23 to 2.2% in Q3 FY23. Key Points

Financialexpress

SEBI’s plan to lift the FPI veil may put off many

Sebi has to give a finality to the Adani probe, preserve its reputation, change the rules if needed, convince FATF as well as keep alive the interest of FPIs. It can only hope that the price would not be too high. Key Points

The Economic Times

FPIs lap up Indian equities worth Rs 35,000 crore in March

Foreign portfolio investors were net buyers in March, with equity purchases worth Rs 35,098 crore, showing improvement from previous months. Strong buying trends were seen in various sectors. Key Points

FPIs' India frenzy is now at a nine-year peak

At ₹2.68 trillion, foreign portfolio investment is just ₹9,625 crore away from 2014-15’s record net inflows of ₹2.77 trillion. Key Points

FPIs buy Indian shares for fifth month in July, lift benchmarks to fresh highs

Foreign portfolio investors (FPIs) bought Indian shares worth 466.18 billion rupees ($5.63 billion) on a net basis in July, data from the National Securities Depository Ltd (NSDL) showed on Friday. Key Points

Nifty financial service index stocks: Are headwinds slowing down?

In the last three years, different segments of financial service have witnessed very different trends. Trend not in terms of business but in terms of headwinds or tailwinds. While the large private banks have stagnated, some of the small private sectors have come back into the limelight. PSU banks as a pack have made a comeback, insurance companies are still searching for direction, asset management companies have been able to get their mojo back while NBFC are facing new challenges in terms of higher provisions to regulatory. So,each to own it probably defines when it comes head or tailwinds. But what is the common factor is that most of these have a high FPI holding. Now FPIs have largely been the seller in the Indian markets, occasionally they have made a comeback for a short period of time. At this point of time, they are neither major buyers or sellers, but this equilibrium will change. When that happens, it is this set of 20 stocks which will signal which way the wind is blowing for which segment. Key Points

$3.7 billion inflows: Here's what FPIs bought & sold in July

Persistent FPI inflows have supported the rally in the blue-chip Nifty 50 and S&P BSE Sensex, driving the benchmarks to record highs. The Nifty 50 rose nearly 2% in the first half of July. Key Points

FPI inflows in debt market at nine-year high of ₹1.21 lakh crore in FY24; likely to help soften bond yields

FPIs’ net investment in the country’s debt markets stood at ₹121,059 crore for FY24. This was the highest FPI inflow in the debt market since FY 2014-15, when they infused ₹130,302 crore. Key Points

Sebi to enhance disclosure requirements for certain class of FPIs

Mumbai, Jun 28 (PTI) To ensure greater transparency, markets regulator Sebi on Wednesday decided to mandate enhanced disclosures from certain class of Foreign Portfolio Investors (FPIs), including furnishing granular level details about ownership and economic interests. The new norms will be applicable for FPIs that concentrate holdings in a single corporate group. The move is […] Key Points

FPI buying hits 10-month high of Rs 47,148 crore in June; markets rise to record high

June was a strong month for foreign portfolio investors (FPIs) in India, with a total inflow of Rs 47,148 crore. This marked the fourth consecutive month of net buying in domestic stocks for FPIs. The sustained FPI flows can be attributed to improving macroeconomic conditions and a reversal in FPI strategy. In the first half of 2023, FPIs have invested a total of Rs 76,407 crore. However, FPIs may become more cautious in the future due to rich valuations in India. Key Points

FPIs stay focussed on India’s consumption theme despite market volatility

FPIs heavily invest in India's consumption sectors like auto, FMCG, and telecom. Auto sector leads with 7% weight due to premiumization growth. Stable rural MPCE CAGR at 9.2% indicates long-term consumption trends. The assets under management (AUM) of the consumption stocks in the FPI portfolio rose by 55% to $176 billion over the past 12 months. Key Points

BFSI stocks: They shed weight much before others do, time to be contrarian and buy?

The kind of correction the broader market is witnessing in the last few days, the financial services sector had seen that few months ago. Infact, if one looks at the overall picture this phase of correction was led by one private sector bank and the other parts of the BFSI came under pressure at the start of 2024. For two reasons, first is that RBI has been doing a policy tightening and regulatory cleanup excerise, so there were some margin hits coming in earnings. Second, they are heavily owned by foreign portfolio investors who have been sellers in the Indian markets. A large number of times they give an advance indication of what the broader market might look like in near term. Similarly, the other way round, these stocks on a relative basis have performed better than others in the last few days. The first streak of relative outperformance is good enough indication for them to be brought on watchlist. Key Points

Nifty Financial Services stocks: Time to be contrarian and buy?

After a long phase of three years of consolidation and relative underperformance, there were some initial signs of the private sector banks making a comeback attempt. There have been reasons for their underperformance, right from mega merger which created a technical issue of overhang in shareholding, to changes in the top management. Also the fact that these stocks came in the over owned category of foreign institutional investors, who have been sellers time and again. Key Points

FPI selloff in Indian shares hits nine-month high in October - NSDL data

Foreign portfolio investors (FPIs) sold Indian equities worth 245.48 billion rupees ($2.95 billion) in the month of October, the most in nine months, data from the National Securities Depository (NSDL) showed. Key Points

FPIs turn net sellers after 6 months of investment; withdraw Rs 14,767 cr in Sept

The latest outflow came after FPI investment in equities had hit a four-month low of Rs 12,262 crore in August. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Key Points

FPI buying powers Sensex, Nifty to new closing highs

The Nifty and the Sensex each closed up 0.74% at 18,826 and 63,384.58, marginally shy of their record intra-day highs of 18,887.6 and 63,583.07 on 1 December Key Points

FPI buying in Indian shares hits 6-month high in first half of May: NSDL

Foreign portfolio investors (FPIs) extended their buying streak in Indian equities in the new financial year, having bought shares worth 249.39 billion rupees on a net basis in the first half of May, National Securities Depository Ltd (NSDL) data showed on May 22. Key Points

Rs 8,800 crore-inflows! FPIs flock to D-Street in new financial year

FPIs purchased shares worth 87.67 billion Indian rupees ($1.07 billion) on a net basis in the first half of April. They had been net buyers in the previous month too, but that was largely due to U.S. boutique investment firm GQG Partners' $1.87 billion investment in four Adani Group companies in early March. Key Points

FPIs buying into these mid-caps, analysts see up to 50% upside

For instance, the FPI holding in construction firm NCC has increased from 8.89% in March 2022 to 19.96% in March 2023. According to Bloomberg analyst consensus estimates, the stock can yield nearly 15% in a year. Key Points

New threshold limit a challenge to many FPIs

The lower threshold can be a challenge for ultimate beneficiaries as lowering ownership below 10 per cent in a fund could mean losing control over the entity. Bankers think investors who want to hide their identities may add a few more layers to dilute the eventual ownership below 10 per cent. Key Points