Continuing to bet big on the reform agenda of Narendra Modi-led government, overseas investors have poured in nearly Rs 17,000 crore in the Indian markets since the beginning of the month.
Net investments by foreign investors in equity market stood at Rs 7,505 crore ($1.25 billion) till 11 July. Net inflow for the debt market was Rs 9,286 crore ($1.55 billion), taking the total amount to Rs 16,791 crore ($2.8 billion), shows the latest data. Market analysts believe that foreign investors have been betting on the Indian market mainly on reform agenda of the new government at Centre. Also, they anticipate that inflows would continue in the coming months as Finance Minister Arun Jaitley has announced several measures in Budget to enthuse investors.
‘From a stock market perspective, the investment push in the budget both directly via government spending as well as tax cuts together with higher FDI limits in insurance and defence and a bunch of steps to ease taxation should augur well...,’ US financial services major Morgan Stanley said in a note. Since the beginning of the year, foreign investors have made a net investment of Rs 1.4 lakh crore (about $23 billion) into the country's securities market. This includes a net investment of Rs 67,300 in equities and Rs 72,120 crore into debt market.
From the beginning of June, FIIs (Foreign Institutional Investors) along with sub-accounts and qualified foreign investors have been clubbed together by market regulator Sebi to create a new investor category called Foreign Portfolio Investors. The strong inflows in the recent months have taken the cumulative net investments of foreign investors into India to $194 billion. This is based on the data since November 1992 when foreign investors began investing into Indian markets and includes about $157 billion investments into equities and about $37 billion in debt markets.
Eight blue-chip cos lose `1.11 trillion in market valuation
Eight blue-chip Sensex companies saw a cumulative erosion of a whopping Rs 1,11,994 crore from their market capitalisation, with energy majors ONGC and RIL taking the steepest hit. While TCS, CIL, HDFC Bank, SBI, ICICI Bank and HDFC logged losses in their market capitalisation (M-Cap), ITC and Infosys made gains. The market valuation of ONGC plunged Rs 22,201.5 crore to Rs 3,38,754.63 crore, becoming the top loser among the top-10 firms. RIL's m-cap tumbled Rs 20,996.48 crore to Rs 3,12,603.49 crore, while that of SBI tanked Rs 20,717.4 crore to Rs 1,80,786.41 crore. The valuation of CIL dropped Rs 19,959.71 crore to Rs 2,28,936.63 crore, ICICI Bank (Rs 12,347.48 crore to Rs 1,56,713.46 crore) and HDFC Bank (Rs 10,545.57 crore to Rs 1,95,637.50 crore). HDFC's market cap fell by Rs 2,915.1 crore to Rs 1,55,244.90 crore and TCS lost Rs 2,311.3 crore to Rs 4,69,702.97 crore.
Net investments by foreign investors in equity market stood at Rs 7,505 crore ($1.25 billion) till 11 July. Net inflow for the debt market was Rs 9,286 crore ($1.55 billion), taking the total amount to Rs 16,791 crore ($2.8 billion), shows the latest data. Market analysts believe that foreign investors have been betting on the Indian market mainly on reform agenda of the new government at Centre. Also, they anticipate that inflows would continue in the coming months as Finance Minister Arun Jaitley has announced several measures in Budget to enthuse investors.
‘From a stock market perspective, the investment push in the budget both directly via government spending as well as tax cuts together with higher FDI limits in insurance and defence and a bunch of steps to ease taxation should augur well...,’ US financial services major Morgan Stanley said in a note. Since the beginning of the year, foreign investors have made a net investment of Rs 1.4 lakh crore (about $23 billion) into the country's securities market. This includes a net investment of Rs 67,300 in equities and Rs 72,120 crore into debt market.
From the beginning of June, FIIs (Foreign Institutional Investors) along with sub-accounts and qualified foreign investors have been clubbed together by market regulator Sebi to create a new investor category called Foreign Portfolio Investors. The strong inflows in the recent months have taken the cumulative net investments of foreign investors into India to $194 billion. This is based on the data since November 1992 when foreign investors began investing into Indian markets and includes about $157 billion investments into equities and about $37 billion in debt markets.
Eight blue-chip cos lose `1.11 trillion in market valuation
Eight blue-chip Sensex companies saw a cumulative erosion of a whopping Rs 1,11,994 crore from their market capitalisation, with energy majors ONGC and RIL taking the steepest hit. While TCS, CIL, HDFC Bank, SBI, ICICI Bank and HDFC logged losses in their market capitalisation (M-Cap), ITC and Infosys made gains. The market valuation of ONGC plunged Rs 22,201.5 crore to Rs 3,38,754.63 crore, becoming the top loser among the top-10 firms. RIL's m-cap tumbled Rs 20,996.48 crore to Rs 3,12,603.49 crore, while that of SBI tanked Rs 20,717.4 crore to Rs 1,80,786.41 crore. The valuation of CIL dropped Rs 19,959.71 crore to Rs 2,28,936.63 crore, ICICI Bank (Rs 12,347.48 crore to Rs 1,56,713.46 crore) and HDFC Bank (Rs 10,545.57 crore to Rs 1,95,637.50 crore). HDFC's market cap fell by Rs 2,915.1 crore to Rs 1,55,244.90 crore and TCS lost Rs 2,311.3 crore to Rs 4,69,702.97 crore.