FPIs: FPIs mount bearish bets as risk aversion grows

Mumbai: Overseas fund managers raised their bearish derivative bets on India last week as a jump in crude oil prices in the wake of the Iran-Israel conflict and growing uncertainty about interest rate cuts in the US heightened risk aversion. The long-short ratio of foreign portfolio investors (or FPIs’) Nifty futures bets fell to 35.4% …

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FPIs: FPIs cut back on FMCG, auto, financial services shares

Mumbai: Fast-moving consumer goods (FMCG) shares saw the highest selling by foreign investors in the second-half of March. Foreign funds dumped shares worth ₹4,939 crore in the sector after buying worth ₹11,180 crore during the first-half of the month as per data from National Securities Depository Ltd (NSDL). The sector witnessed outflows worth ₹4,472 crore …

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Nifty: India Inc may log a robust performance in second quarter

Mumbai: Companies making up the Nifty 50 are expected to report another quarter of robust aggregate profit growth in the three months to September, helped by moderating commodity prices, a lower base effect, and standout performances by select automotive and financial businesses. Revenue growth outlook, although better than the fiscal first quarter, may be rather …

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Why Sebi must ask FPIs to be more transparent

A listed company needs to have a minimum public shareholding (MPS) of 25% to ensure sufficient market depth, to avoid market manipulations and to enable meaningful shareholders’ democracy. Let us for instance consider the case of a promoter already holding nearly 75% of shares of a listed company and wants to gain more control over …

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