Fund mobilisation through privately placed corporate bonds in India reached a record high of Rs9.77 lakh crore in FY24, a 15% increase compared to the previous year. Indian companies preferred this method as it is cost-efficient and cheaper than equities. Fundraising through the equity route totaled Rs 1.26 lakh crore, with QIPs contributing significantly. This article provides insights into the fundraising activities in the Indian market.
Global interest in Indian government debt, following its inclusion in a JP Morgan index, has sparked demand for a new derivative product called a total return swap (TRS). HSBC and Standard Chartered Bank have both seen significant activity in TRS trading since launching it in the GIFT City. Other foreign banks are seeking licenses to offer the product as well. The Securities and Exchange Board of India has established regulations for offshore derivative instrument providers.
Santosh Meena, Head of Research at Swastika Investmart, discusses the current state of the Indian stock market and provides insights into the outlook for the Nifty and Bank Nifty. He also shares his views on the upcoming earnings season and the prospects for various sectors. Additionally, Meena discusses the impact of interest rates on investment flows and provides advice on specific stocks for investors.
