Market Pulse

Date Heading Details
18-Apr-2019   09:19 Hrs IST P-notes investment jumps to Rs 78,110 crore at March-end <p align="justify">With positive market sentiments, the share of foreign portfolio investments (FPI) in domestic capital markets through participatory notes (P-notes) jumped to Rs 78,110 crore at the end of March. According to Securities and Exchange Board of India (SEBI) data, total value of P-note investments in Indian markets including equity, debt and derivatives, at March end climbed to Rs 78,110 crore from Rs 73,428 crore at the end of February. </p><p align="justify">Of the total, P-notes holdings in equities at March-end were at Rs 56,288 crore, while in debts and derivatives were at Rs 20,999 crore and Rs 119 crore respectively. Besides, the quantum of FPI investments via P-notes declined to 2.3% during the period under review from 2.4% in the preceding month. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly after going through a due diligence process.</p><p align="justify">Prior to this, investment via P-notes were on declining trend as in December it was Rs 79,513 crore then it fell to Rs 75,693 crore in January&nbsp;and Rs 73,428 crore in February. Earlier, in July 2017, SEBI had notified stricter norms stipulating a fee of $1,000 on each instrument to check any misuse for channelising black money. It had also prohibited FPIs from issuing such notes where the underlying asset is a derivative, except those which are used for hedging purposes. <br></p><p align="justify"><br></p>
16-Apr-2019   09:18 Hrs IST India likely to receive 'near normal' monsoon in 2019: IMD <p align="justify">Easing concerns over farm and economic growth in the country, the India Meteorological Department (IMD) in Long Range Forecast for 2019 southwest monsoon rainfall stated that the country is likely to have 'near normal' monsoon this year with a well distributed rainfall which could be beneficial for the agriculture sector. </p><p align="justify">Secretary Ministry of Earth Sciences (MoES) M Rajeevan has said that the seasonal rainfall is likely to be 96 per cent of the Long Period Average (LPA) with a model error of plus or minus 5 per cent. He said weak El Nino conditions are likely to prevail during the monsoon season with reduced intensity. He added that there could some effect of the El Nino in June, but monsoon may pick up pace from July. IMD Director General K J Ramesh said overall, the country is expected to have well distributed rainfall scenario during the monsoon season which will be beneficial to farmers in the country during the ensuing kharif season. Several parts of the country are witnessing agricultural distress.</p><p align="justify">The LPA of the season rainfall over the country as a whole for the period 1951-2000 is 89 centimetres. Significantly, the IMD has introduced a category of 'near normal' for rainfall between 96-104 per cent of the LPA this year. In its forecast last year, the rainfall between 96-104 per cent of the LPA was classified as ‘normal' category. Rainfall of 90 to 96 per cent of the LPA is below normal. 96 per cent rainfall borders on below normal and normal category.<br></p>
15-Apr-2019   09:17 Hrs IST India's economy needs to grow even faster to deal with poverty, other challenges: Das
12-Apr-2019   09:20 Hrs IST Banks credit growth rises 13.24%, deposits up 10.03%
11-Apr-2019   09:20 Hrs IST Exporters to face challenges like protectionism, commodity prices, inadequate liquidity: FIEO
10-Apr-2019   09:17 Hrs IST IMF projects India's growth rate at 7.3% for 2019
09-Apr-2019   09:17 Hrs IST India's GDP growth to accelerate moderately to 7.5% in FY20: World Bank
08-Apr-2019   09:21 Hrs IST India to become third largest economy in world by 2030 with $10 trillion GDP: Jaitley
05-Apr-2019   09:20 Hrs IST Govt close to meet fiscal deficit target of 3.4% for 2018-19: Finance Secretary
04-Apr-2019   09:20 Hrs IST India's exports to reach $32.38 billion in March: Suresh Prabhu

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