Sebi norms may've partly fuelled recent FPI sell-off
Hindustan Times|December 04, 2024
FPIs net sold shares worth almost ₹1.16 lakh cr during October-November
Ram Sahgal & Neha Joshi
Sebi norms may've partly fuelled recent FPI sell-off

A regulatory diktat in September 2023 to prevent Indian entities from abusing the foreign portfolio investor (FPI) route likely sparked a sizeable chunk of the aggressive FPI selling in the recent past, market experts said.

At a time of weak corporate earnings and rising US bond yields, selling to comply with the regulator's circular accounted for about 20-40% of the $13.75 billion outflows by global funds and global emerging market (GEM) funds in October and November, two fund managers and one securities lawyer said on the condition of anonymity.

The Securities and Exchange Board of India (Sebi) circular was designed to prevent Indian entities from bypassing India's minimum public shareholding (MPS) norms, which mandate every listed company to have a minimum public float of 25%.

Diese Geschichte stammt aus der December 04, 2024-Ausgabe von Hindustan Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der December 04, 2024-Ausgabe von Hindustan Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS HINDUSTAN TIMESAlle anzeigen
Hindustan Times

HC fines ex-MLA who hid German nationality

The Telangana high court on Monday fined former Bharat Rashtra Samithi (BRS) MLA Chennamaneni Ramesh ₹30 lakh for hiding details about his Germany citizenship while contesting assembly elections.

time-read
1 min  |
December 10, 2024
Hindustan Times

VCK DY GEN SECY SUSPENDED FOR SIX MONTHS OVER REMARKS ON DMK

The Viduthalai Chiruthaigal Katchi (VCK) on Monday said it has suspended party deputy general secretary Aadhav Arjuna for six months for his comments against its ally, the ruling DMK in Tamil Nadu.

time-read
1 min  |
December 10, 2024
Hindustan Times

Centre plans monthly data on job creation, unemployment: Officials

CURRENTLY, THE CENTRE PUBLISHES PLFS-BASED URBAN EMPLOYMENT DATA ON A QUARTERLY BASIS

time-read
1 min  |
December 10, 2024
Hindustan Times

Assam CM announces major cabinet changes

Assam chief minister Himanta Biswa Sarma on Monday reshuffled portfolios of ministers in his three-and-a-half-year-old government and assigned departments to four new ministers inducted into the state's cabinet two days ago.

time-read
1 min  |
December 10, 2024
Hindustan Times

Streamline approvals for exploratory drilling, states told

The Union environment ministry has streamlined the approval process for surveys and exploratory drilling in forest areas to facilitate mineral exploration, according to a letter to principal secretaries and additional chief secretaries (forests) from all states and UTs last month.

time-read
1 min  |
December 10, 2024
PM: Vision of 'reform, perform, transform' led to robust growth
Hindustan Times

PM: Vision of 'reform, perform, transform' led to robust growth

The country has seen robust development in every sector over the past 10 years with a vision of \"reform, perform, transform\", Prime Minister Narendra Modi said on Monday as he addressed investors and industrialists in Jaipur.

time-read
3 Minuten  |
December 10, 2024
AT PRE-BUDGET MEET WITH FM, FARMERS DEMAND SCRAPPING OF GST ON AGRI INPUTS
Hindustan Times

AT PRE-BUDGET MEET WITH FM, FARMERS DEMAND SCRAPPING OF GST ON AGRI INPUTS

A delegation of farmers, which met Union finance minister Nirmala Sitharaman last week, has sought scrapping of the Goods and Services Tax on farm inputs, two people who attended the meeting said on Monday.

time-read
1 min  |
December 10, 2024
Hindustan Times

As crisis unfolds, India pushes for stability in Syria

THE EXTERNAL AFFAIRS MINISTRY NOTED THAT IT WAS MONITORING THE EVOLVING SITUATION IN THE WEST ASIAN COUNTRY AND ADVOCATED FOR PEACE

time-read
2 Minuten  |
December 10, 2024
This season of sweetness
Hindustan Times

This season of sweetness

On the city's shakarkandi civilisation

time-read
2 Minuten  |
December 10, 2024
254 species recorded in bird survey
Hindustan Times

254 species recorded in bird survey

Winter bird count 2024 highlights

time-read
3 Minuten  |
December 10, 2024