Mumbai: The Nifty snapped a three-day losing streak on Friday, but posted the longest weekly losing streak of this year on relentless selling by foreign institutional investors (FIIs), who have flocked to China beginning late last month chasing a stimulus-led recovery in the world’s second -biggest economy. Analysts expect the intense battle between bulls and … Read more
US-based private equity firm Carlyle is expected to sell up to a 6.4 per cent stake in PNB Housing Finance via an open market transaction on Tuesday, as per a report by CNBC Awaaz. According to a term sheet from IIFL Securities, Quality Investment Holdings, a Carlyle entity, plans to sell 1.66 crore shares at … Read more
Domestic Institutional Investors (DIIs) bucked this trend, though, with net inflows of ₹1 trillion, taking their shareholding to a record high of 16.1% in March. This increase, from 15.9% in December, narrowed the gap between FII and DII holdings to an all-time low. DIIs’ holdings are now just 9.2% below those of FIIs. A select … Read more