Financial Year (FY) 2020-21 witnessed strong Foreign Portfolio Investment (FPI) inflows into the Indian equity markets of Rs 2,74,034 crore. The robust FPI flows came on the back of faster than expected economic recovery supported by multiple tranches of innovatively designed stimulus packages. The Government and regulators had also undertaken major policy initiatives directed at improving ease of access and investment climate for FPIs in the recent past.
These include simplification and rationalisation of the FPI regulatory regime, operationalisation of the online Common Application Form (CAF) for the purpose of registration with SEBI, allotment of PAN and opening of bank and Demat accounts etc. The increase in aggregate FPI investment limit in Indian companies from 24% to the sectoral cap has been a catalyst for increase in weightage of Indian securities in major equity indices, thus mobilising massive equity inflows, both passive and active, into Indian capital markets. The grow
Petrol pumps, government and private security services, and fruit vendors among others have been added to the list of essential services being exempted from the ambit of the strict curbs that came into force in Maharashtra from Monday night, as per the revised guidelines. Besides petrol pumps and petroleum-related products, cargo services, data centres, cloud service providers, IT services supporting critical infrastructure and services will also be considered as essential services in addition to the ones mentioned on Sunday when the restrictions were announced. The strict curbs, including a curfew from 8 pm till 7 am, and prohibitory orders duringthe daytime on weekdays came into force from Monday in the state.
Mutual funds turn net buyers; invest Rs 2,476 crore in equities in March
SECTIONS
Last Updated: Apr 05, 2021, 08:47 AM IST
Share
Synopsis
Mutual funds invested Rs 2,476 crore in equities in March, making it the first such infusion in 10 months, as consolidation in the market provided investment opportunities to fund managers.
Shutterstock.com
Mutual funds invested Rs 2,476 crore in equities in March, making it the first such infusion in 10 months, as consolidation in the market provided investment opportunities to fund managers. Kaushlendra Singh Sengar, founder and CEO at INVEST19, said mutual funds (MFs) inflow in equities will be stagnant in near future.
Prior to the inflows, mutual funds (MFs) had been withdrawing money from equities since June 2020, data available with the Securities and Exchange Board of India (Sebi) showed.
The new framework to curb instances of stock market spoofing kicked off on Monday, whereby serial offenders could face trading disablement of 15 minutes to two hours. In spoofing, traders place a large number of buy or sell orders, with an intent to cancel before those orders can be executed. Market experts say that excessive cancellations of large orders lead to manipulative increases or decrease in prices, which impacts retail investors. Sebi and exchanges in a joint meetinghave decided that, in order to further strengthen the order level surveillance mechanism, there shall be an additional order based surveillance measure to deter persistent noise creators i.e. excessive order modifications/ cancellations with an intent to avoid execution, BSE and NSE had said in circulars last month.
Markets regulator Sebi on Wednesday prohibited Ashika Capital from accepting any new clients for three months for lapses in its role as a merchant banker in the IPO of Sudar Industries. The present matter emanates from an investigation carried out by Sebi into the IPO of Sudar Industries Ltd (SIL) for which Ashika Capital Limited was the Book Running Lead Manager (BRLM). Consequent to such investigation, lapses in Ashika Capital s role as the BRLM were found. In its order, Sebi said that the issuer company did not disclose the transactions of Addon Exports, A R Fabrics, ElimTraders, R J Traders and Shalom Fashion, which were proprietorship firms of employees of SIL and persons connected or related to key management personnel of SIL, in the Related Party Transactions.