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Tag: buyers

  • Foreign investors remain net buyers in Indian stocks for second month

    Foreign investors remain net buyers in Indian stocks for second month

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    New Delhi: Foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the second straight month after having sold two months on a trot in January and February, latest data from the National Securities Depository (NSDL) revealed.

    FPIs bought assets worth Rs 11,631 crore in Indian stock markets in April, according to NSDL data. In March, they bought assets worth about Rs 7,936 crore in Indian stock markets.

    The recent banking crisis in the US following the collapse of Silicon Valley Bank in early March and the relatively strong economic outlook for India seemed to have made renewed appetite for domestic stocks.

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    One of the most prominent lenders in the world of technology startups, Silicon Valley Bank, which had been struggling, collapsed on March 10, after a run on the bank by the depositors. Its closure led to a contagion effect and the subsequent shutting down of other banks.

    In January and February, FPIs sold equities worth Rs 28,852 crore and Rs 5,294 crore, respectively. NSDL data showed. Foreign investors were apparently cautious amid risks from the then volatility in Indian stock markets.

    Barring some exceptions, foreign portfolio investors (FPIs) had been selling equities in the Indian markets for over a year, which started in October 2021 for various reasons.

    Tightening monetary policy in advanced economies including rising demand for dollar-denominated commodities, and strength in the US dollar had then triggered a consistent outflow of funds from Indian markets. Investors typically prefer stable markets in times of high market uncertainty.

    In 2022, foreign portfolio investors sold Rs 121,439 crore worth of stocks in India on a cumulative basis, the historical data available on the NSDL website showed.

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    #Foreign #investors #remain #net #buyers #Indian #stocks #month

    ( With inputs from www.siasat.com )

  • Auctionista (Noun) A Devoted Follower of Auctions: Journal for Auction Buyers & Sellers 5×8 with 120 College Lined pages

    Auctionista (Noun) A Devoted Follower of Auctions: Journal for Auction Buyers & Sellers 5×8 with 120 College Lined pages

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    Price: [price_with_discount]
    (as of [price_update_date] – Details)

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    Publisher ‏ : ‎ Independently Published (23 June 2019)
    Language ‏ : ‎ English
    Paperback ‏ : ‎ 122 pages
    ISBN-10 ‏ : ‎ 1075791677
    ISBN-13 ‏ : ‎ 978-1075791673
    Item Weight ‏ : ‎ 141 g
    Dimensions ‏ : ‎ 12.7 x 0.76 x 20.32 cm

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    #Auctionista #Noun #Devoted #Follower #Auctions #Journal #Auction #Buyers #Sellers #5×8 #College #Lined #pages

  • Razorpay launches payment reconciliation service for buyers, sellers on ONDC

    Razorpay launches payment reconciliation service for buyers, sellers on ONDC

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    New Delhi: Full-stack fintech platform Razorpay on Thursday joined the government’s Open Network for Digital Commerce (ONDC) ecosystem by launching a payment reconciliation service for network participants (NPs) like buyers, sellers, and logistic partners.

    The move, said the company, will streamline the payment processes on ONDC, providing the users with an integrated single view of all their transactions.

    “I believe the possibilities the ONDC network provides are endless and I’m confident the Payment Reconciliation Service will only further strengthen the development of ONDC’s tech infrastructure and help the ecosystem grow seamlessly from a payments and compliance point of view,” said Shashank Kumar, Managing Director and Co-founder, Razorpay.

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    Through this solution, Razorpay will facilitate ease of transacting on ONDC by timely routing settlement information for a given transaction and assisting Network Participants (NPs) with settling funds.

    With an open network approach, where the buyers and sellers do not need to necessarily be on the same platform to be able to do a business transaction, ONDC will enable SMEs to access a larger buyer universe.

    “This is a significant step towards our goal of enabling seamless and secure digital commerce for everyone. With this addition, we continue to drive transparency and inclusion in the digital commerce space and we look forward to working with Razorpay towards achieving this vision,” said Thampy Koshy, CEO, ONDC.

    Razorpay is building its capabilities toward solving all things payments and business banking for over 10 million businesses, making it the go-to platform that enables exponential growth for Indian businesses of all kinds and sizes.

    Established in 2014 by alumni of IIT Roorkee, Shashank Kumar and Harshil Mathur, Razorpay is the second Indian company to be a part of Silicon Valley’s largest tech accelerator, Y Combinator.

    Investors such as Lone Pine Capital, Alkeon Capital, TCV, GIC, Tiger Global, Sequoia Capital India, Ribbit Capital, Matrix Partners, Salesforce Ventures, Y Combinator and MasterCard have invested a total of $741.5 million in the company.

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    #Razorpay #launches #payment #reconciliation #service #buyers #sellers #ONDC

    ( With inputs from www.siasat.com )

  • Foreign investors turn net buyers in Indian stocks

    Foreign investors turn net buyers in Indian stocks

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    New Delhi: Foreign portfolio investors (FPIs) have turned net buyers in Indian stock markets after having sold two months on a trot in January and February – data from the National Securities Depository (NSDL) revealed.

    FPIs have bought assets worth about Rs 7,936 crore in Indian stock markets in March 2023, according to NSDL data.

    The banking crisis in the US that emanated after the collapse of Silicon Valley Bank in early March seemed to have made renewed appetite for Indian stocks.

    MS Education Academy

    One of the most prominent lenders in the world of technology startups, Silicon Valley Bank, which was struggling, collapsed on March 10, after a run on the bank by the depositors. After the run on the bank, local regulators closed down the tech lender and put it under the control of the US Federal Deposit Insurance Corporation (FDIC). In latest, First Citizens Bank agreed to acquire all of its deposits and loans.

    In January and February, FPIs sold equities worth Rs 28,852 crore and Rs 5,294 crore, respectively. NSDL data showed. Foreign investors were apparently cautious amid risks from the then volatility in Indian stock markets.

    “The sustained selling by FPIs appears to be over since they have turned buyers in the last few days. The near-term outlook for FPI looks much more positive now. Even though Indian valuation continues to be relatively high, the recent market correction has made valuations a bit more reasonable than earlier,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Barring some exceptions, foreign portfolio investors (FPIs) had been selling equities in the Indian markets for over a year, which started in October 2021 for various reasons.

    Tightening monetary policy in advanced economies including rising demand for dollar-denominated commodities, and strength in the US dollar had triggered a consistent outflow of funds from Indian markets. Investors typically prefer stable markets in times of high market uncertainty.

    In 2022, foreign portfolio investors sold Rs 121,439 crore worth of stocks in India on a cumulative basis, the data on the NSDL website showed.

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    #Foreign #investors #turn #net #buyers #Indian #stocks

    ( With inputs from www.siasat.com )