Latest news with #FII
Time of India
5 hours ago
- Business
- Time of India
FIIs buy stocks worth Rs 8,710 crore this week, narrow June sell-off to Rs 4,192 crore
Foreign Institutional Investors (FIIs) have been net sellers in June so far, offloading equities worth Rs 4,192 crore. However they turned buyers this week, buying shares worth Rs 8,710 crore. A strong buying activity on Friday unleashed the bulls as the Indian headline indices ended their three-session losing streak led by action in banks, energy and IT stocks. The FII activity on the NSE, BSE and MSEI in the capital market segment triggered purchases worth Rs 7,940.70 from the foreign buyers. Meanwhile, Domestic Institutional Investors (DIIs) preferred to book profits as they sold domestic stocks amounting to Rs 3,049.88 crore. Nifty gained 319.15 points or 1.29% to close at 25,112.40, the 30-stock S&P BSE Sensex finished at 82,408.17, rising by 1,046.30 points or 1.29% riding on individual contributions from heavyweights HDFC Bank and Reliance Industries (RIL). Commenting on the current trends, Vipul Bhowar, Senior Director-Listed Investments at Waterfield Advisors, said that the ongoing FPI pattern suggests a reversal in April, with considerable strength being demonstrated in May. "The inflows recorded in May represented the highest level observed in eight months, signifying a resurgence of interest from foreign investors in the Indian markets," he said. However, geopolitical tensions, including the conflict between Israel and Iran, alongside global uncertainties, fostered a cautiously optimistic pattern in June, Bhowar said. Live Events With the stabilisation in the global conditions, India may experience more sustained and stable foreign portfolio investment inflows in the future on the back of enhancing domestic fundamentals and a favourable long-term growth outlook, he opined. There are six more sessions left in June and their action would determine if they remain net buyers for the third successive month. In the fortnight ending June 15, FIIs sold local shares worth Rs 5,404 crore. The biggest takeaway was the financial services sectors where FIIs returned to buying with a purchase worth Rs 4,685 core versus a Rs 700 crore sell-off in the previous fortnight. The energy sector also saw good traction with Rs 1,199 crore worth of equity bought between June 1 and June 15 from Rs 390 crore in the previous fortnight. Among the worst hit was telecom, where FIIs were net sellers at Rs 887 crore versus a Rs 7,052 core investment between May 16 and May 31. Auto, consumer durables and FMCG were other big laggards. In 2025, FIIs have offloaded shares valuing Rs 96,683 crore. In the January-to-March quarter, equities worth Rs 1,16,574 were sold. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ETMarkets WhatsApp channel )
Economic Times
5 hours ago
- Business
- Economic Times
FIIs buy stocks worth Rs 8,710 crore this week, narrow June sell-off to Rs 4,192 crore
Foreign Institutional Investors (FIIs) have been net sellers in June so far, offloading equities worth Rs 4,192 crore. However they turned buyers this week, buying shares worth Rs 8,710 crore. ADVERTISEMENT A strong buying activity on Friday unleashed the bulls as the Indian headline indices ended their three-session losing streak led by action in banks, energy and IT stocks. The FII activity on the NSE, BSE and MSEI in the capital market segment triggered purchases worth Rs 7,940.70 from the foreign buyers. Meanwhile, Domestic Institutional Investors (DIIs) preferred to book profits as they sold domestic stocks amounting to Rs 3,049.88 crore. Nifty gained 319.15 points or 1.29% to close at 25,112.40, the 30-stock S&P BSE Sensex finished at 82,408.17, rising by 1,046.30 points or 1.29% riding on individual contributions from heavyweights HDFC Bank and Reliance Industries (RIL). Commenting on the current trends, Vipul Bhowar, Senior Director-Listed Investments at Waterfield Advisors, said that the ongoing FPI pattern suggests a reversal in April, with considerable strength being demonstrated in May. "The inflows recorded in May represented the highest level observed in eight months, signifying a resurgence of interest from foreign investors in the Indian markets," he geopolitical tensions, including the conflict between Israel and Iran, alongside global uncertainties, fostered a cautiously optimistic pattern in June, Bhowar the stabilisation in the global conditions, India may experience more sustained and stable foreign portfolio investment inflows in the future on the back of enhancing domestic fundamentals and a favourable long-term growth outlook, he opined. ADVERTISEMENT There are six more sessions left in June and their action would determine if they remain net buyers for the third successive the fortnight ending June 15, FIIs sold local shares worth Rs 5,404 crore. The biggest takeaway was the financial services sectors where FIIs returned to buying with a purchase worth Rs 4,685 core versus a Rs 700 crore sell-off in the previous fortnight. The energy sector also saw good traction with Rs 1,199 crore worth of equity bought between June 1 and June 15 from Rs 390 crore in the previous fortnight. ADVERTISEMENT Among the worst hit was telecom, where FIIs were net sellers at Rs 887 crore versus a Rs 7,052 core investment between May 16 and May 31. Auto, consumer durables and FMCG were other big 2025, FIIs have offloaded shares valuing Rs 96,683 crore. In the January-to-March quarter, equities worth Rs 1,16,574 were sold. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
2 days ago
- Business
- Economic Times
Indian mutual fund industry AUM grew 20% CAGR in past 10 years vs 8% in US: Franklin Templeton India MF
Indian mutual fund industry shows impressive growth. Assets under management increased significantly over the past decade. The industry's AUM reached a record high of Rs 72.2 lakh crore. Domestic investors offset foreign outflows. Mutual fund assets now constitute a substantial portion of bank deposits. Smaller cities are contributing more to the industry's growth. Investor count is also on the rise. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian mutual fund industry's asset under management has grown at a rate of 20% CAGR in the past 10 years, and 24% CAGR in the last 5 years, according to a press release note by Franklin Templeton India Mutual Fund on the development in the Indian mutual funds ind us try's AUM now stands at an all-time high level of Rs 72.2 lakh crore. The domestic mutual fund industry has added over Rs 13.3 lakh crore to AUM over the past year. In comparison, the US Mutual Fund assets have grown over 2X at 8% CAGR in the last decade. The overall assets under management (AUM) grew by 24% CAGR in the last 5 years and 20% CAGR in the last 10 years respectively, ended May Read | ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in May The domestic mutual fund industry has become a force to reckon with, it can negate the impact of FII outflows. Net inflows for DIIs were Rs 6 lakh crore for the last 12 months (till May 2025) vs net outflows of Rs 3.1 lakh crore for mutual fund industry's asset under management's percentage to bank deposits in India has grown 3X in the past 10 years. It has grown from 12.6% in 2015 to over 31% in May '25. MF AUM is now about one third of Bank mutual fund industry is moving beyond the top 15 cities in India. The share of B15 cities rose from 25% in March 2020 to 35% in March 2025. The B30 cities' AUM Growth Outpaced T30 AUM Growth. Share of B30 AUM in Industry AUM increased from 16% in Dec 2020 to 18% in May 2025Maharashtra, Delhi, Karnataka and Gujarat remain the top 4 states in term of AUM generation. But in terms of growth, Telangana (32.08%) and Haryana (27.90%) have seen the highest AAUM growth over the Read | Eternal and Vedanta among stocks which Radhika Gupta's Edelweiss Mutual Fund bought and sold in May The total Investor count rose to 5.49 crore in May 2025, around 3.19 lakh investors added in May much as 89 lakh new investors were added in the last 12 months vs 78 lakh in the same period last year. The sectoral/thematic funds' category witnessed the highest gross/ net sales over the last 12 months. Most equity categories witnessed positive net sales in May 2025.
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Business Standard
3 days ago
- Business
- Business Standard
Rupee remains under pressure amid West Asia jitters; ends lower at 86.47/$
The Indian Rupee extended its decline on Wednesday as the conflict between Iran and Israel entered the sixth day, with traders watching out for any involvement by the US. The domestic currency depreciated 23 paise to end at 86.47 against the dollar, the lowest level since April 9 this year, according to Bloomberg. During the session, the currency fell to the 85.56 level, before paring off some losses. Most Asian currencies were largely rangebound during the session on Wednesday. Rupee traded weak as rising crude prices and a cautious foreign institutional investors (FII) stance amid ongoing West Asia geopolitical tensions weighed on sentiment, according to Jateen Trivedi, VP research analyst - commodity and currency at LKP Securities. "The currency is expected to remain volatile in the range of 85.75 to 86.85, with global risk factors and trade uncertainties exerting pressure." After cutting short his visit to the Group of Seven summit in Canada on Tuesday, US President Donald Trump pushed Iran for an "unconditional surrender" in its fight with Israel. As missile exchanges continued for a fifth straight day, reports indicated that Israeli strikes had damaged Iran's underground uranium enrichment facility at Natanz. The local unit has declined 1.03 per cent so far this month and 0.99 per cent in 2025, weighed down by a surge in crude oil prices. Crude oil prices pared off some gains after rising to near a five-month high after former US President Donald Trump warned Iran to surrender. Brent crude price was down 1.07 per cent at $75.63 per barrel, while WTI crude prices were lower by 1.02 per cent at 74.08, as of 3:35 PM IST. Brent prices can touch $150 a barrel (bbl) — up a whopping 103 per cent from the current levels — in the worst-case scenario if the Israel–Iran geopolitical tensions escalate, suggest analysts. Read more Meanwhile, the dollar index edged lower ahead of the US Federal Reserve's interest rate decision. The Fed is expected to keep rates on hold in June and July, according to a Bloomberg report. The index, which measures the greenback against a basket of six major currencies, was down 0.17 per cent at 98.65. Meanwhile, RBI's chief Sanjay Malhotra said that if inflation is below the central bank's current projections, it could open up policy space. But he added that incoming data will be watched closely to strike "the right growth-inflation balance".
Economic Times
3 days ago
- Business
- Economic Times
Crude price surge to impact paint, aviation sectors; don't rush into pharma now: Sunil Subramaniam
Live Events You Might Also Like: Iran-Israel tensions rise: India explores alternative oil sources You Might Also Like: How will the surge in crude oil prices affect various sectors? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel , Market Expert, says crude oil's recent price surge to $74, significantly impacting India's GDP, inflation, and industries like paints and aviation, is causing concern. Geopolitical risks, particularly Iran's potential Hormuz Strait blockade and possible Israeli retaliation against Iranian refineries, are fueling uncertainty. This volatility is prompting foreign institutional investors to remain cautious, while domestic fund managers see opportunities in the resulting market dips.I think that crude already had its big move and while it may not be going from $74 levels to $80, but $74 is still $10 more than what it was. For a pretty long period of time, crude has been in the mid-60s. So, a $10 rise in the price on an average does have its impact on GDP, on inflation, fiscal deficit, everything, and including the industries which use crude products. The costs for paints, fertilisers, chemicals, aviation will go up.A broad swath of Indian companies use crude as an intermediate. So, to that extent, the impact of crude continues to be worrisome from a hedge fund and short-term FII flow perspective. So, they would rather wait and see which way this goes because the point is that if Iran is being pushed into a corner, will it do something like a blockade on the Hormuz Strait? I think that is the biggest risk that is being factored because about a third of the world's oil comes through this strait. Iran's own production of oil is absorbed fully by China and it is not impacted by the embargo that the US has put on Iran oil. They are not selling to anybody else except China, so that is not the concern is about Iran retaliating by doing a blockade or threatening to bomb the ships, tankers that go through the Hormuz Strait, number one. Number two, if Iran does do some kind of a counterattack, is Israel going to go away from its stated position of hitting the nuclear sites and hit the refineries in a big way, in which case Iran oil supply goes out and then China will have to buy from somebody else.I am not saying that in crude we are not yet out of the woods in the sense of predicting stability. My medium-term view of crude is that it should come back down to the mid-60s levels. But till this war-related uncertainty remains, if it remains at the $75 level, it has enough impact on downstream companies in India and the Indian overall scenario. So, I would say that that is the single biggest factor which is making FII stay on the sidelines and causing the volatility. Domestic fund managers are fairly clear. They are stepping in to buy wherever they see value emerging because of FII clearly, we will have to wait and see what happens. In the Russia-Ukraine war and in the other wars, there was not an impact on Indian crude. This is the first war where that is being clearly seen as a risk factor and that dominates the FII thought process at this point in own sense is that Trump cannot act too tough there because ultimately the US health care system needs to provide cheap healthcare to the public and for social security and healthcare the government picks up the tab. I think this is a lot of rhetoric from Trump. But yes, some tariffs will come in. I do not feel it will be as deep as the market is currently reading. In the BTA, whether India can seek an escape clause also has to be seen. He might put a broad range of pharma tariffs, but then if you sign a BTA with India, that might be excluded from the tariffs. So, the whole set of options are out there in the now it is a very dangerous time to go and step into the pharma sector to either buy or do anything. It is better to wait out these kinds of statements from Mr Trump as well as the BTA signing before making any strong decisions on CDMO versus generics in terms of the pharma.
