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3 weeks ago | 
business-standard.com | Samie Modak |Sundar Sethuraman
The domestic markets have traded at a premium to emerging market (EM) peers long before the domestic investment boom, says Ridham Desai, managing director and chief India equity strategist, Morgan Stanley India. In an interview with Samie Modak and Sundar Sethuraman in Mumbai ahead of Morgan Stanley's annual India Investment Forum, Desai said sustained foreign portfolio investor (FPI) flows will depend on India maintaining its appeal as a stable and high-return market. Edited excerpts:
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1 month ago | 
rediff.com | Sundar Sethuraman |Samie Modak
The interplay between domestic and foreign capital will shape India's equity markets. In a significant shift, domestic institutional investors (DIIs), primarily mutual funds and insurance companies, have surpassed foreign portfolio investors (FPIs) as dominant shareholders in India's equity market. According to Prime Database, DIIs held a 17.62 per cent stake in companies listed on the National Stock Exchange, edging out FPIs at 17.22 per cent, as of March 2025.
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1 month ago | 
business-standard.com | Samie Modak |Sundar Sethuraman
The equity capital market (ECM) broke the record last year when it mobilised Rs 1.6 trillion mobilised through initial public offerings (IPOs).
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Mar 28, 2025 | 
rediff.com | Sundar Sethuraman |Anjali Kumari
Fundraising by Indian companies through equity and debt reached an all-time high in the financial year 2024-25 (FY25), according to data collated by primedatabase.com. Fundraising through debt stood at Rs 11.1 trillion in FY25, including contributions from InvITs (infrastructure investment trusts) and REITs (real estate investment trusts). Of this total, Rs 11,04,331 crore was raised through private debt placements, while Rs 8,044 crore was raised through the public bond issuances.
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Jan 21, 2025 | 
rediff.com | Sundar Sethuraman
Rupee depreciation, if it continues, will likely pull the markets down further. Since September 2024, the rupee has declined by 3.1 per cent, the Nifty has dropped by 8.5 per cent during the same period, and the Sensex has fallen by 7.3 per cent. If the decline continues, markets will need to brace for more pain as it could push foreign portfolio investors (FPIs) to exit their positions faster than anticipated.
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Jan 13, 2025 | 
rediff.com | Sundar Sethuraman
The markets need not tank every time the rupee depreciates sustainably over months. Kindly note the image has been posted only for representational purposes. Rupee depreciation is unlikely to bring the markets down, though it makes returns of foreign investors from Indian equities less attractive. The rupee declined by 3.1 per cent since September, and Indian equity benchmarks Nifty and Sensex fell by 8.5 and 7.3 per cent, respectively, during the same period.
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Jan 10, 2025 | 
rediff.com | Sundar Sethuraman
Fundraising by Indian corporates through equity and debt reached all-time high in the calendar year 2024, according to primedatabase.com. The overall public equity fundraising stood at Rs 3.7 trillion in 2024, a rise of 159 per cent from Rs 1.4 trillion in 2023. If Rights Issues of Rs 25,973 crore were to be added, the overall equity fundraising would touch nearly Rs 4 trillion in 2024.
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Dec 4, 2024 | 
rediff.com | Sundar Sethuraman
Small and midcaps are leading the charge in the latest market rebound. Since November 21, when the benchmark S&P BSE Sensex and the National Stock Exchange Nifty hit their recent lows and slipped into correction territory, the Nifty Smallcap 100 index has risen by 8 per cent, while the Nifty Midcap 100 has gained 5.7 per cent. Meanwhile, the Nifty 50 index has risen by 4.7 per cent during this period.
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Nov 25, 2024 | 
rediff.com | Sundar Sethuraman
The recent global fund flow data suggests that one big cycle of foreign fund allocation into India may have come to an end and the trend could remain soft for a longer time, according to a report by Elara Capital. The note said last week's outflow of $302 million from India's dedicated funds is the largest since June 2022.
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Nov 22, 2024 | 
rediff.com | Sundar Sethuraman
After climbing to a record high of Rs 523 on September 30, shares of commodity major Vedanta have come off over 15 per cent amid a fall in the overall markets. The Anil Agarwal-led firm’s latest slump comes after its stock price doubled over the past one year. Is it a blip or a trend reversal? Most analysts are upbeat on the counter driven by Vedanta’s strong showing during the second quarter ended September 2024 (Q2 FY25), which has improved earnings visibility over the medium term.
