Latest news with #IndianEquities
Reuters
04-07-2025
- Business
- Reuters
Foreign investors buy Indian shares for 3rd straight month in June; financials top picks
July 4 (Reuters) - Foreign portfolio investors (FPIs) continued buying Indian equities for the third straight month in June, with financials and oil and gas stocks emerging as their top picks, depository data showed on Friday. FPIs poured 89.46 billion rupees ($1.05 billion) into financials in June - 61.3% of the month's total 145.90 billion-rupee inflows, aided by attractive valuations, a sharper-than-expected 50-basis-points interest rate cut by the Reserve Bank of India, and a 100 bps reduction in the cash reserve ratio. Foreign funds have invested 456.57 billion rupees in financials since the beginning of March, fuelling an 18% surge in the sector. Foreign investors have returned to Indian equities after hefty outflows in the first three months of the year. "This sudden change in stance is primarily due to improvements in domestic fundamentals, particularly the moderation of headline inflation," said Saurabh Pathak, head -investment counsellor at Purnartha PMS. "Going forward, a favourable India-U.S. trade deal could significantly boost the FPI confidence and encourage their continued participation." India and U.S. trade negotiators are racing to cut a deal ahead of President Donald Trump's July 9 negotiation deadline. Meanwhile, oil and gas stocks also attracted inflows, especially in late June, as a ceasefire between Israel and Iran calmed crude prices. The oil & gas index (.NIFOILGAS), opens new tab rose 3.6% last month. In contrast, foreigners pulled out 63.11 billion rupees from the power sector, as an early monsoon and cooler-than-expected temperatures dented demand. Consumer stocks (.NIFTYFMCG), opens new tab worth 39.85 billion rupees were also offloaded. June-quarter earnings will be key to reviving flows into consumer stocks, with investors awaiting clear signs of a consumption rebound, said Kranthi Bathini, director of equity strategy at Wealthmills Securities. ($1 = 85.3410 Indian rupees)
Bloomberg
03-07-2025
- Business
- Bloomberg
Local Funds Double Down on Indian Stocks With $40 Billion Buying
Domestic institutional investors are continuing to power India's equity markets, with net purchases so far in 2025 inching toward last year's record influx. Local funds have already bought a net amount of more than $40 billion in the first half, compared with nearly $63 billion in 2024. In contrast, global investors have pulled about $8 billion from Indian equities this year, according to data compiled by Bloomberg.
Bloomberg
03-07-2025
- Business
- Bloomberg
Small Investors Pour $42 Billion Into Indian Equities
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Indian equities are set for a firm start, tracking gains on Wall Street and in other regional markets. Upsides, however, could be capped given uncertainty around tariffs as the July 9 deadline looms. The electronic manufacturing sector will be in focus following a Bloomberg report that Foxconn has withdrawn staff from India, potentially impacting Apple's local manufacturing plans.
Bloomberg
27-06-2025
- Business
- Bloomberg
Funds Flexing 60/40 Playbook Become Investor Favorites in India
Indian funds that offer built-in diversification by combining stocks with assets such as bonds and gold lured in more money than pure equity ones last month for the first time in a year, pointing toward a potential long-term investment shift. The so-called hybrid plans attracted a net 208 billion rupees ($2.4 billion) of inflows in May, while stock funds garnered just 190 billion rupees, according to data from the Association of Mutual Funds in India. The switch comes as global geopolitical turmoil escalates and Indian equities trail their worldwide peers amid concern over weaker earnings growth.
Reuters
24-06-2025
- Business
- Reuters
India's HDB Financial raises $392 million in IPO anchor book
June 24 (Reuters) - HDB Financial Services raised 33.69 billion rupees ($392 million) from anchor investors ahead of its $1.5 billion initial public offering (IPO), which is set to be India's largest share sale so far this year. The IPO, the biggest-ever by an Indian non-bank lender, secured funds from investors including BlackRock funds, Life Insurance Corporation of India ( opens new tab and Norway's sovereign wealth fund, a stock exchange filing showed late on Tuesday. The IPO comes at a time when foreign investors are returning to Indian equities after a period of heavy outflows, lured by $5.5 billion in large block trades in May and boosting hopes for a revival in the nation's stock market. The lender is offering new shares worth 25 billion rupees in the IPO, while HDFC Bank ( opens new tab, India's largest private lender and the owner of a 94% stake in HDB Financial, is selling shares worth 100 billion rupees. LIC was allotted about 3 million shares, or about 6.5% of the anchor book. Domestic mutual funds bought shares valued at 14.34 billion rupees, accounting for nearly 43% of the anchor book. Anchor investors purchased shares at the upper end of the IPO price band, set at 700–740 rupees per share, representing about 27% of the total issue. The IPO is open to other investors, including retail buyers, from June 25 to 27. HDB Financial Services has reserved 10% of its total issue for existing shareholders of HDFC Bank. The IPO is priced at a discount of up to 70% compared with the share price in the informal 'grey market' for unlisted securities, surprising some investors. The pricing was determined based on extensive roadshows, investment bankers said, adding that grey market trades have no influence on prices.
