Two Sharp with ET: RIL's ₹1.7B gas war with ONGC reaches SC, 800-point Sensex plunge shakes investors
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Economic Times
2 minutes ago
- Economic Times
FPIs dump Indian equities worth Rs 21,000 cr in first half of Aug
Foreign investors offloaded nearly Rs 21,000 crore in Indian equities in the first half of August, bringing the year's total outflow to Rs 1.16 lakh crore. Trade tensions, weak earnings, and a weakening rupee contributed to this trend. However, a potential credit rating upgrade and easing US-Russia tensions could improve FPI sentiment. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Foreign investors offloaded Indian equities worth nearly Rs 21,000 crore in the first half of August, pressured by US-India trade tensions , lacklustre first-quarter corporate earnings , and a weakening rupee With this, the total outflow by Foreign Portfolio Investors FPIs ) in equities reached the Rs 1.16 lakh crore mark so far in 2025, according to data with the FPI activity will be influenced by the action on the tariff front recent easing of tensions between the US and Russia, coupled with the absence of fresh sanctions, suggests that the proposed 25 per cent secondary tariff on India is unlikely to take effect after August 27, a clear positive for the market, Vaqarjaved Khan, CFA - Senior Fundamental Analyst, Angel One, S&P has upgraded India's credit rating from BBB- to BBB, a move that could further boost FPIs' sentiment, he to the depositories data, foreign portfolio investors (FPIs) withdrew a net sum of Rs 29,975 crore from equities this month (till August 14).This came after a net withdrawal of Rs 17,741 crore in July. Before that, FPIs invested Rs 38,673 crore in the preceding three months from March to June."The sustained outflows are being driven primarily by a confluence of global uncertainties. Heightened geopolitical tensions and ambiguity surrounding the interest rate trajectory in developed economies, particularly the United States, have contributed to a risk-averse sentiment," Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, to this caution is the recent strengthening of the US dollar, which tends to reduce the relative attractiveness of emerging market assets like India's, he tepid earnings growth and elevated valuations have contributed to the outflow, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, the sectoral front, sustained selling in IT stocks has pulled the IT index down. However, banking and financials continue to be relatively resilient due to fair valuations and institutional the other hand, FPIs invested Rs 4,469 crore in the debt general limit, and pumped Rs 232 crore into the debt voluntary retention route during the period under review.
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Business Standard
4 minutes ago
- Business Standard
Mcap of 5 top valued firms climbs ₹60,675.94 cr; SBI, HDFC biggest winners
The combined market valuation of five of the top-10 most valued firms increased by ₹60,675.94 crore last week, with State Bank of India and HDFC Bank emerging as the lead gainers in line with a positive trend in equities. In a holiday-shortened last week, Sensex climbed 739.87 points or 0.92 per cent, and the Nifty edged higher by 268 points or 1.10 per cent. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India and Infosys saw an addition in their valuation, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Ltd, Life Insurance Corporation of India (LIC) and Bajaj Finance faced erosion from their market capitalisation (mcap). The valuation of State Bank of India jumped ₹20,445.82 crore to ₹7,63,095.16 crore, the most among the top-10 firms. The mcap of HDFC Bank surged ₹14,083.51 crore to ₹15,28,387.09 crore. Infosys added ₹9,887.17 crore, taking its valuation to ₹6,01,310.19 crore. The mcap of Bharti Airtel surged ₹8,410.6 crore to ₹10,68,260.92 crore. Reliance Industries' valuation went up by ₹7,848.84 crore to ₹18,59,023.43 crore. However, the mcap of LIC tumbled ₹15,306.5 crore to ₹5,61,881.17 crore. Bajaj Finance faced an erosion of ₹9,601.08 crore to ₹5,35,547.44 crore, while ICICI Bank's valuation declined by ₹6,513.34 crore to ₹10,18,982.35 crore. The mcap of TCS fell by ₹4,558.79 crore to ₹10,93,349.87 crore, and that of Hindustan Unilever dipped by ₹3,630.12 crore to ₹5,83,391.76 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
4 minutes ago
- Business Standard
FPIs dump Indian equities worth ₹21,000 crore in first half of August
Foreign investors offloaded Indian equities worth nearly ₹21,000 crore in the first half of August, pressured by US-India trade tensions, lacklustre first-quarter corporate earnings, and a weakening rupee. With this, the total outflow by Foreign Portfolio Investors (FPIs) in equities reached the ₹1.16 trillion mark so far in 2025, according to data with the depositories. The FPI activity will be influenced by the action on the tariff front ahead. The recent easing of tensions between the US and Russia, coupled with the absence of fresh sanctions, suggests that the proposed 25 per cent secondary tariff on India is unlikely to take effect after August 27, a clear positive for the market, Vaqarjaved Khan, CFA - Senior Fundamental Analyst, Angel One, said. Also, S&P has upgraded India's credit rating from BBB- to BBB, a move that could further boost FPIs' sentiment, he added. According to the depositories data, foreign portfolio investors (FPIs) withdrew a net sum of ₹29,975 crore from equities this month (till August 14). This came after a net withdrawal of ₹17,741 crore in July. Before that, FPIs invested ₹38,673 crore in the preceding three months from March to June. "The sustained outflows are being driven primarily by a confluence of global uncertainties. Heightened geopolitical tensions and ambiguity surrounding the interest rate trajectory in developed economies, particularly the United States, have contributed to a risk-averse sentiment," Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, said. Adding to this caution is the recent strengthening of the US dollar, which tends to reduce the relative attractiveness of emerging market assets like India's, he noted. Additionally, tepid earnings growth and elevated valuations have contributed to the outflow, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said. On the sectoral front, sustained selling in IT stocks has pulled the IT index down. However, banking and financials continue to be relatively resilient due to fair valuations and institutional buying. On the other hand, FPIs invested ₹4,469 crore in the debt general limit, and pumped ₹232 crore into the debt voluntary retention route during the period under review.
