After a brutal selloff since October, foreign portfolio investor (FPI) flows for the year-to-date (YTD) in 2024 have turned negative. In early September, YTD FPI investments peaked at a record ₹22,000 crore ($2.6 billion). This wave of selling has also pulled down benchmark indices, with the Nifty's YTD returns declining to 11 per cent from their high of 21 per cent in September.
Three key factors have contributed to this shift in FPI trends: a recovery in China's markets fuelled by Beijing's aggressive stimulus measures, hardening US bond yields despite the Federal Reserve's (Fed's) shift towards rate easing, and underwhelming earnings reports from Indian companies for the July-September quarter.
Denne historien er fra November 11, 2024-utgaven av Business Standard.
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Denne historien er fra November 11, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Qcom firms flouting domestic laws: CAIT
Top 3 companies got ₹54K cr FDI but used only ₹1.3K cr lawfully
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Child insurance: Waiver of premium can help secure education goal
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More appetite for Swiggy than Zomato in long term
Brokerages bullish on its shares, give 'buy' rating to stock
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Expansion, operational gains a positive for Hindalco
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Market regulator bats for easing angel fund norms
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Sebi takes up review of custodian norms
Capital market regulator Securities and Exchange Board of India (Sebi) has proposed measures to ease operations and compliance by custodians — entities which manage foreign portfolio investors (FPIs).
FMCG sector's defensive cloak feels tear of market forces
The fast-moving consumer goods (FMCG) sector is losing its status as a defensive sector.
Sebi mulls action for lapses in AI usage
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