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FPI outflows: Don't be complacent with stocks rally; UBS says FPI backlash may cut gains


MUMBAI: The Indian equity market has been the third-best performer in all of Asia over the past 12 months with 59 per cent returns, but a fierce second Covid-19 wave could see foreign investors pull out as much as $5 billion in the coming months.
Brokerage firm UBS Securities India reckons that the recent foreign outflows from India could touch the $5 billion mark, as the Indian equity market undergoes a correction due to the risk to earnings growth from the second Covid wave.
“If valuations correct faster, the drawdown might be smaller; but if equity valuations are slow to correct and Covid-19 situation worsens, we could see a larger drawdown,” UBS Securities said in a report. ....

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Sensex closes 870 points lower as record Covid-19 cases, Maharashtra lockdown roil investor sentiment


Sensex closes 870 points lower as record Covid-19 cases, Maharashtra lockdown roil investor sentiment
The crash came despite healthy gains in global markets especially in the US. Sensex closed 870 points lower at 49,159 and Nifty lost 229 points to 14,637
BusinessToday.In | April 5, 2021 | Updated 18:50 IST
Sentiment on Dalal Street was also affected after the Maharashtra government imposed a night curfew in the state from 8 pm to 7 am from today.
Rising cases of coronavirus across the country and a partial lockdown in Maharashtra roiled the Indian equity market today. The crash came despite healthy gains in global markets especially in the US. Sensex closed 870 points lower at 49,159 and Nifty lost 229 points to 14,637. ....

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FPIs pump in Rs 10,793-crore into equities in first 5 sessions of February


FPIs pump in Rs 10,793-crore into equities in first 5 sessions of February
As per FPI statistics available with depositories, overseas investors pumped in a net Rs 10,793 crore into equities and Rs 1,473 crore in the debt segment between February 1-5
PTI | February 7, 2021 | Updated 14:06 IST
During the period under review, the total net investment stood at Rs 12,266 crore
Foreign portfolio investors (FPIs) remained net buyers to the tune of Rs 12,266 crore in the Indian market in the first five trading sessions of February, as positive sentiment post-Union Budget 2021 sparked a rally in investment.
As per FPI statistics available with depositories, overseas investors pumped in a net Rs 10,793 crore into equities and Rs 1,473 crore in the debt segment between February 1-5. ....

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