Ashley Coutinho

Mumbai

Assistant Editor at Business Standard

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Articles

Indian financial regulators need more autonomy, says IMF-World Bank report

2 weeks ago | finance.einnews.com | Ashley Coutinho

The power and independence of financial regulators needs to be strengthened with legislative and institutional changes, a global report based on a recent assessment of the Indian financial system said. Current laws allow the government to control senior managements and boards of regulators, the IMF-World Bank report said. The Ministry of Finance (MoF) is the appellate authority for the RBI and can overturn the latter’s supervisory decisions.
Passive funds can underperform active funds during market fall: Arun Sundaresan

3 weeks ago | thehindubusinessline.com | Ashley Coutinho

If you could tell us about the growth of passive funds and the factors driving this growth? Assets under management (AUM) in passive funds, including exchange traded funds (ETFs) and index funds, is ₹10.5 lakh crore and there are nearly 3.95 crore folios or investor accounts. The passive AUM has grown at a rate of 50 per cent compounded, more than twice the growth rate of non-passive funds in the last five years. Even in the near term, the passive space continues to witness strong growth.
Retail investors turn net sellers in March in equities

3 weeks ago | thehindubusinessline.com | Ashley Coutinho

Retail flows in direct equities have turned negative in the month of March, with several investors choosing to book profits or cut their losses after five straight months of market fall. Investors have sold shares worth nearly ₹10,000 crore during the month, showed provisional data. This is in stark contrast to retail flows in mutual funds, which have held up despite market volatility.
Index options premium on NSE dips 43% from peak

3 weeks ago | thehindubusinessline.com | Ashley Coutinho

Index options premium on NSE has reduced 29 per cent to ₹44,427 crore in the past five months ended March, latest data shows. The figure is 43 per cent lower than the peak of ₹78,227 crore in June last year. Overall equity options premium has declined 16 per cent to ₹51,024 crore in the past five months. The premium received and kept by the index option writer (seller) is the maximum profit a writer can realise from the sale of the option.
IPOs hit a bump in March quarter amid robust filings

3 weeks ago | thehindubusinessline.com | Ashley Coutinho

The month of March did not see a single company tap the market for a public share sale. The last quarter of the fiscal saw nine initial public offerings, far lower than the previous three quarters which saw 29, 26 and 14 offerings hit the market, respectively. Despite the slowdown, 78 companies raised ₹1.62 crore through IPOs this fiscal, a record. This is more than 2.5 times the ₹61,922 crore mobilised by 76 IPOs in 2023-24.
Sebi defers intraday monitoring of position limits for F&O contracts

3 weeks ago | thehindubusinessline.com | Ashley Coutinho

SEBI has deferred the implementation of intraday monitoring of position limits for equity index derivative contracts, which was to be implemented from April 1. For this purpose, stock exchanges were to consider minimum four position snapshots during the day and levy penalties for breach of such limits. Currently, such positions are monitored end of day.
NSE IPO delay may hit State-owned investors the hardest

3 weeks ago | thehindubusinessline.com | Ashley Coutinho

The inordinate delay in the initial public offering of the National Stock Exchange may impact shareholders who have been invested in the bourse for over a decade and want to dilute their holdings. Most of these shareholders are State-owned entities, including LIC (10.7 per cent), SBI (3.23 per cent), SBI Caps (4.33 per cent), Stock Holding Corporation of India (4.4 per cent) and four public sector insurance companies (6.8 per cent).
SEBI to restrict expiry days for derivative trades

4 weeks ago | thehindubusinessline.com | Ashley Coutinho

SEBI has proposed that expiries of all equity derivatives contracts of an exchange be uniformly limited to either Tuesdays or Thursdays. “This is to provide optimal spacing between expiries across exchanges, while avoiding the choice of either the first day of the week or the last day as an expiry day,” the regulator said on Thursday.
FPIs turn net buyers, purchase shares over ₹21,000 cr in five sessions

4 weeks ago | thehindubusinessline.com | Ashley Coutinho

Foreign portfolio investors have turned net buyers in the last five sessions, with net cash market purchases of over ₹21,000 crore. The FII long-short ratio has increased to 33 per cent which showed that there is short covering trigger in the market, said analysts. “Despite the ongoing tug-of-war, continuous FPI buying and an improving long-short ratio suggest that the broader trend remains intact, and bulls are poised to regain traction in the forthcoming sessions.
Equity fundraising soars to record ₹3.7 lakh crore in FY25

4 weeks ago | thehindubusinessline.com | Ashley Coutinho

Equity fundraising this financial year surged 92 per cent to ₹3.7 lakh crore, a record, data from PRIME Database showed. This includes funds mopped up via including initial public offerings, qualified institutional placements, offer for sale, follow-on offers and REITs/InvITs. Fund raising through debt reached ₹11.1 lakh crore, the bulk of which was through private placement of debt.