Investments through participatory notes in Indian capital markets reached Rs 1.5 lakh crore at Feb-end, the highest level in nearly six years, driven by a strong performance of the domestic economy. P-notes are issued by FPIs to overseas investors who wish to invest in Indian stocks without registering themselves.
Sebi is likely to grant relief to FPIs with concentrated holdings in Indian companies without a promoter group by exempting them from stricter disclosure requirements if there is no risk of breach of public holding norms. The board may also discuss a proposal to allow AIFs to pledge their shares in infrastructure sector investee companies to enable leverage.
Nifty formed a Doji candle on the daily chart, US stocks opened higher, FPIs emerged as net sellers for the third consecutive day, and Nifty Bank dropped over 4% in a week. Paytm announced its Q3 results with key highlights.
Nifty faces resistance around Mt 22K. HDFC Bank ADRs drop over 2% post Q3 results. American investment firm sells 1.5% stake in Indigo Paints. US stocks open lower as Tesla, Apple weigh. ICICI Securities Q3 Results: Profit jumps 66% to Rs 466 crore. Capital Small Finance Bank, Krystal Integrated Services get Sebi’s nod to float IPOs. Nifty Bank forms ‘Doji’ candle on Tuesday; immediate support seen at 47800.
Foreign Portfolio Investors (FPIs) dumped Indian stocks worth over ₹25,000 crore in October – their second highest selling in a month in 2023 so far – as uncertainties over higher US Treasury yields and tensions in the Middle East have prompted them to cut their bets on riskier Emerging Markets.
Foreign Portfolio Investors (FPIs) infused ₹49,086 crore into the banking and financial services sector from April to August. This investment showcases their growing interest in the sector’s equities.
