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[hfe_template id='11223'] [ad_1] Foreign Institutional Investors (FIIs) have maintained a consistent selling trend in the Indian equity markets throughout January, being net sellers on almost every trading day this month, with total equity sales in the cash market reaching Rs 66,602 crore as of January 24th. The data has been procured from the National Securities Depository Limited (NSDL). “The sustained strengthening of the dollar and rise in US bond yields have been the principal factors driving the FII selling," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, attributing this sustained selling to macroeconomic factors. The strategic analyst further highlighted that the selling trend is likely to persist as long as two key global financial indicators remain elevated. "So long as the dollar index remains above 108 and the 10-year US bond yield remains above 4.5%, the selling is expected to continue," Vijayakumar noted. The ...

[hfe_template id='11223'] [ad_1] Foreign Institutional Investors (FIIs) returned as buyers in December after heavy selling in October and November, fueling the market's recovery from November lows, purchasing equities worth Rs 14,435 crore through exchanges as of December 13. The total FII buying, including exchange purchases and investments through the 'primary market and others' category, reached Rs 22,765 crore as of December 13, according to NSDL data. This robust buying activity has sparked a rally, particularly in large-cap stocks, with the banking and IT sectors witnessing significant gains. “Even though FIIs have turned buyers in December, they have been large sellers,too, on certain days. This indicates that at higher levels, they may again turn sellers since Indian valuations continue to be relatively high compared to other markets,” said V K Vijayakumar, Chief Investment Strategist of Geojit Financial Services. Rising dollar is another concern whic...

[hfe_template id='11223'] [ad_1] ET Intelligence Group: Dalal Street has now acquired a distinct desi flavour, illustrating the power - and allure - of equity for the ordinary Indian saver. It's no wonder, therefore, the share of domestic mutual funds in the overall institutional equity assets under management (AUM) reached a record high. Data from NSDL showed Indian domestic funds' share of total institutional equity rose 224 basis points to 20.89% as of June 2024. This increase is the highest among all institutional categories, marking the fifth consecutive month of expansion for local funds in total institutional equities. The growth in mutual funds' AUM is highlighted by the fact that the expansion in other institutional categories is only a fraction of mutual funds' gains. Institutional funds currently hold approximately 44% of India's total market capitalization, with promoters holding 51% and the remainder owned directly by retail investors. Th...