The share of FIIs was down by 51 bps quarter-on-quarter (QoQ), resulting in the gap between FII and DII holdings narrowing further to an all-time low in this quarter. The DII holding is now just 9.23% lower than the FII holding.
India Business News: Foreign fund ownership in NSE-listed companies stood at just over 18% at September-end, almost almost at the same level it was over a decade ago, a re
While Nifty is up over 11% so far in the calendar year, India s m-cap has increased by about Rs 55 lakh crore in 2023, led by the outperformance of small and midcap stocks as well as a flood of IPOs on Dalal Street. India had joined the coveted $3 trillion club in May 2021. The journey of market capitalization of Indian listed companies from $2 trillion (July 2017) to $3 trillion (May 2021) took about 46 months.
The bourse recently bought a 4.9 percent stake in Tanzania’s Dar es Salaam Stock Exchange (DSE) and is now looking at investing in the Uganda Securities Exchange ( USE) once it self-lists.
The raft of dividend announcements and record earnings made in the past three weeks has failed to excite the stock market, with share prices registering muted growth.