Connect with us
Saturday,17-October-2026
Breaking News

Business

Even amid pullout, FIIs have raised their stake in certain companies

Published

on

Foreign investors pulling out money from the Indian equity segment had made several headlines in the recent months.

Pulling out over $42 billion or Rs 3.26 lakh crore from the Indian markets in the last eight months, foreign investors have been net-sellers in the Indian market during these straight months.

FPIs have been selling across the board, though with some sectors seeing more pressure and some others less.

The underlying reason behind the pullout is that the stock market has been witnessing significant volatility amid tightening of monetary policy actions through key lending rates hike to address rising inflation and geopolitical tensions. Rising interest rates are typically a deterrent to economic growth as it raises lending costs of the industries.

That said, there are some large stocks where the foreign institutional investors have raised their stakes and they are ITC, Sun Pharma, ONGC, NTPC, PowerGrid and JSW Steel, said Sunil Damania, Chief Investment Officer at MarketsMojo.

FIIs’ stake in these companies rose 2 per cent, 0.9 per cent, 1.04 per cent, 0.2 per cent, 1.16 per cent, and 0.37 per cent, respectively, during the January-March quarter.

Besides, auto sector is doing well in this falling market and it’s quite likely stronger hands like FIIs too may be participating in this upmove and statistically, there are 3 stocks among Nifty 100 space where in last 4 quarters had consistent rise in foreign investors stake, said Siddarth Bhamre, Head of Research at Religare Broking,adding that those stocks are IOC, Siemens, and NTPC.

Asked if this is not the right time to invest in the stock market, which are the other safe asset options, Bhamre said equity always offers good investment opportunities in any market condition.

“As we highlighted above, many names among large cap spaces gave positive returns even in falling markets and these names are not from defensive sectors. In the current market scenario, only the dollar is doing well. Rising interest rates aka rising bond yields are taking bond prices down, commodities are correcting, real estate has liquidity issues, and prices are just stable not increasing, FD rates are still not attractive. So equity remains the asset class to be in but unlike the bull market not everything will go up and one will have to be very selective.”

In the small size company space, Globus Power, Kiri Industries, Restaurant Brand, Brightcom Group, Calcom Vision, Celebrity Fash, Axita Cotton, Lemon Tree Hotel, Indiabull Real Estate, and Camlin Fine are some of the stocks where FIIs raised their stakes, Damania said. Among them, Globus Power saw the highest rise in stake at 18 per cent.

“For investors who are not fully invested or who have raised cash in the recent past by booking profits, these times provide an opportunity to gradually raise the equity portion of their portfolio. While shortlisting investable stocks, one will have to be careful of not having exposure to sectors or stocks that have been derated due to very high valuations or very high financial forecasts that seem difficult to achieve,” said Deepak Jasani, Head of Retail Research at HDFC Securities, to a query on what must investors do amidst this volatility.

Also, stocks that did well due to commodity uprun over the last one odd year need to be examined closely for sustainability of earnings, while stocks that could see a feeble or elongated recovery also need to be avoided, he added.

Upon markets being in the negative territory, retail investors will refrain from making large new commitments in the markets except to average their holdings or to top up their equity portion in some favoured stocks, he said.

Business

Nifty, Sensex see firm recovery after RBI’s support to rupee

Published

on

Indian equity benchmarks posted a firm recovery, sustaining gains for the second week as investors looked past early inflation worries, especially after the central bank’s special dollar window for oil marketing companies helped the rupee rebound.

Nifty added 2.78 per cent during the week and gained 0.65 per cent on the last trading day to reach 23,146.

At close, Sensex was up 413 points or 0.56 per cent at 74,729. It gained 3.11 per cent during the week.

Market sentiment was dented earlier in the week by consumer inflation hovering near the upper end of the Reserve Bank of India’s tolerance band and a hotter‑than‑expected wholesale price index print that pushed benchmark bond yields to multi‑year highs.

The central bank raised the daily cash reserve ratio maintenance requirement to absorb surplus liquidity, adding to caution. Market confidence, however, improved after the central bank’s special dollar window for oil marketing companies and tighter hedging norms drove a rupee-rebound, analysts said.

“Expectations of a review of LTCG tax and STT, softer crude prices and easing bond yields further revived risk appetite, prompting investors to tilt towards counters with strong Q2FY27 business updates, though the rally remained concentrated in large-caps, with mid-caps posting modest gains and small-caps ending marginally lower,” they added.

“Participants should remain selective, maintain disciplined position sizing and favour a hedged approach amid elevated macroeconomic and earnings-related uncertainty,” the experts said.

Information technology (IT) sector emerged as the standout performer on robust earnings and upbeat management commentary, while healthcare and pharmaceuticals lagged as investors favoured sectors with stronger near-term earnings visibility.

Meanwhile, fast‑moving consumer goods stocks came under pressure amid concerns over margin compression from elevated input costs.

Broad market indices performed largely in line with the benchmark indices as Nifty Midcap100 added 0.58 per cent and Nifty Smallcap100 dipped 0.12 per cent during the week.

In addition, foreign institutional investors (FIIs) turned net buyers of Rs 11.66 billion in Indian equities on Friday after overall selling eased sharply this week as market sentiment improved.

FIIs remained net sellers for the ninth straight week but their weekly selling moderated to Rs 89.91 billion from Rs 302.94 billion the previous week. On the other hand, domestic institutional investors (DIIs) stayed net buyers for a ninth consecutive week at Rs 78.13 billion, though they were net sellers of Rs 36.61 billion on Friday.

The sustainability of the recovery will hinge on earnings growth broadening beyond IT with revenue and margin delivery across financials, consumption and industrials under close scrutiny, analysts said.

Investors are keen on India’s October PMI that will offer insight into domestic demand momentum, while US jobless claims and Japan’s inflation print will shape global rate expectations.

Continue Reading

Business

Japanese delegation visits MLFF tolling system near Delhi

Published

on

A Japanese delegation visited the Multi-Lane Free Flow (MLFF) tolling system in Mundka-Bakkarwala on Friday on the sidelines of the 12th India–Japan Joint Working Group Meeting on Roads and Road Transportation.

The MLFF system provided insights into India’s technology-driven initiatives for seamless and efficient highway travel.

At the MLFFs, the National Highways Authority of India (NHAI) uses a combination of RFID-based FASTag electronic toll collection, automatic number plate recognition (ANPR) and AI analytics to allow vehicles to pass through charging points without stopping, slowing down or remaining in a designated lane.

MLFFs have already been installed at Choryasi in Gujarat, Mundka in Delhi, Gharaunda in Haryana and Daulatpura and Manoharpura in Rajasthan.

While 12 further locations have been awarded for conversion, tenders have also been launched covering an additional 104 toll plazas around the country.

The MLFF at Choryasi on the Surat–Bharuch section of NH-48 was the first to become operational.

The one at Mundka on Delhi’s Urban Extension Road-II was the second.

The expansion plan represents a significant shift from India’s traditional barrier-based toll plazas.

Rather than moving immediately to satellite-based toll collection, the Indian government has opted to build on the country’s established FASTag system and combine it with ANPR and AI.

Expert committees had recommended further consideration of GPS-based barrier-free tolling because of security, privacy and operational control issues, the Ministry of Road Transport and Highways has indicated.

FASTag and ANPR/AI was thus selected as the technology for the current MLFF programme.

The session of the India–Japan Joint Working Group on Roads and Road Transportation Sector was successfully held at Bharat Mandapam in New Delhi.

Discussions focused on advanced construction technologies, bridge and tunnel engineering, sustainable infrastructure and digital innovations, fostering the exchange of technical expertise and best practices.

“The meeting reaffirmed both nations’ commitment to safe, sustainable and technology-driven road infrastructure, aligned with the vision of Viksit Bharat @ 2047,” the Ministry said in a statement.

Continue Reading

Business

India-US trade deal 98-99 percent done: US official

Published

on

Washington, Oct 16: A long-awaited trade agreement between India and the United States is almost complete, with only one or two per cent of negotiations remaining, a senior US official said, signalling that the two countries are approaching a breakthrough after months of high-level discussions.

The official said the biggest issues had already been resolved and that negotiations were continuing at the highest political levels, including between President Donald Trump and Prime Minister Narendra Modi.

“The biggest items have been settled. I mean …., it’s pretty much done. We have that one, one or two per cent left,” the official told reporters during a State Department briefing on Friday.

The remarks came ahead of Secretary of State Marco Rubio’s scheduled visit to India, where he will hold discussions with Indian government officials and leading business executives in Mumbai and Jamnagar.

The official said the two governments remained in constant contact over the proposed agreement.

“We are actively engaged every single week,” the official said, adding that high-level discussions on the trade deal were taking place regularly.

The official cited recent diplomatic engagements involving US Trade Representative Jamieson Greer, India’s Commerce Minister Piyush Goyal and conversations between Trump and PM Modi as evidence of the momentum behind the negotiations.

However, the official also identified a significant complication that had delayed the agreement.

An earlier understanding had been linked to the International Emergency Economic Powers Act, or IEEPA, but the legal framework had to be reconsidered after the law was struck down, according to the official.

The development forced negotiators to revisit elements of the proposed agreement and contributed to several additional months of discussions.

Despite those complications, the official expressed optimism that the remaining differences could be resolved soon.

Rubio is scheduled to travel first to Uzbekistan for meetings with Central Asian leaders before proceeding to India.

In Mumbai, he will meet Indian government counterparts and senior executives from some of the country’s largest companies.

The official said the decision to visit Mumbai rather than New Delhi reflected the administration’s growing emphasis on commercial diplomacy and Indian investment in the United States.

Rubio will also travel to Jamnagar.

The official said Washington was seeking closer engagement with India across information technology, pharmaceuticals, defence cooperation and other sectors.

Further visits by senior American Cabinet officials are also anticipated next year as both governments seek to expand bilateral engagement.

Continue Reading

Trending