FPI Inflows in India: Foreign Portfolio Investors (FPIs) are withdrawing their money from the Indian stock market. It is being told that foreign investors have withdrawn Rs 4800 crore from the Indian stock market in 15 days of September. This is happening because there are concerns about rising bond yields in America, strong dollar and economic growth. Earlier, FPIs were net buyers of Indian shares for six consecutive months from March to August. During this period he had bought shares worth Rs 1.74 lakh crore. VK Vijayakumar, chief investment strategist, Geojit Financial Services, said, FPIs may remain sellers in the coming days as valuations are at record high levels. He said that the bond yield in America (4.28 percent for 10 years) is at a high level and the dollar index is also above 105. In such a situation, FPIs can still sell further.
Investment reached four-month low in August
According to depository data, foreign portfolio investors have withdrawn a net Rs 4,768 crore from shares this month till September 15. Earlier in August, FPI inflow into shares had fallen to a four-month low of Rs 12,262 crore. Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, said that FPIs have been net sellers in September due to uncertainty over the interest rate outlook globally, especially in the US, and concerns about global economic growth. According to the data, FPIs have injected Rs 2,000 crore into the debt or bond market during the period under review. Thus, in the current calendar year so far, FPI investment in shares has been Rs 1.3 lakh crore. He has invested more than Rs 30,200 crore in the bond market.
Market capitalization of nine out of top 10 Sensex companies increased by Rs 1.80 lakh crore
The market capitalization (market cap) of nine out of the top 10 Sensex companies increased by Rs 1,80,788.99 crore last week. Tata Consultancy Services (TCS) was the biggest gainer. Last week, the 30-share BSE Sensex rose 1,239.72 points or 1.86 percent. On Friday, the Sensex closed with profit for the 11th consecutive trading session. On Friday, the Sensex closed at a record level of 67,838.63 points with a gain of 319.63 points or 0.47 percent. During the day’s trading, it reached its all-time high of 67,927.23 points with a gain of 408.23 points or 0.60 percent. In the week under review, nine out of the top 10 companies, except Hindustan Unilever, were in profit. Last week, the market capitalization of TCS increased by Rs 57,300.75 crore to reach Rs 13,17,203.61 crore. The market valuation of HDFC Bank increased by Rs 28,974.82 crore and stood at Rs 12,58,989.87 crore.
Airtel and Infosys capital increased
The market capitalization of Bharti Airtel increased by Rs 28,354.73 crore to Rs 5,23,723.56 crore and that of Infosys increased by Rs 17,680.53 crore to reach Rs 6,27,637.87 crore. The valuation of ICICI Bank stood at Rs 6,94,844.51 crore with an increase of Rs 15,364.55 crore. The market capitalization of State Bank of India (SBI) increased by Rs 13,342.3 crore to reach Rs 5,34,048.78 crore. The valuation of Reliance Industries increased by Rs 7,442.79 crore and reached Rs 16,64,377.02 crore. ITC’s market cap stood at Rs 5,59,165.44 crore with a profit of Rs 7,232.74 crore. The market capitalization of Bajaj Finance increased by Rs 5,095.78 crore to reach Rs 4,54,039.37 crore. Contrary to this trend, the market capitalization of Hindustan Unilever declined by Rs 10,514.42 crore to Rs 5,80,325.55 crore. Reliance Industries remained at first position in the list of top 10 companies. After that, TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, SBI, Bharti Airtel and Bajaj Finance were ranked respectively.