Morning Alert.. *India's outward FDI rises to $3.47 billion in | Equity99
Morning Alert..
*India's outward FDI rises to $3.47 billion in February, shows RBI data*
India’s outward foreign direct investment (FDI) commitments rose substantially to $3.47 billion in February 2024, compared to over $2.82 billion in February 2023. Sequentially, FDI commitments were also up from $2.18 billion in January 2024, according to Reserve Bank of India (RBI) data. Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees. The equity commitments declined to $502.14 million in February 2024 from $776.79 million a year ago. It was also lower than the $764.29 million recorded in January 2024. Debt commitments decreased to $251.08 million in February 2024, down from $334.75 million in February 2023. It was also lower than $306.59 million in January 2024. Guarantees for overseas units swelled to $2.71 billion in February 2024 from $1.71 billion in February 2023. They were also substantially higher compared to $1.11 billion in January 2024, RBI data showed.
*Global market action*
Dow Jones – Up by 0.04% or 15.59 points
FTSE – Down by 0.06% or 4.87 points
CAC – Down by 0.20% or 16.21 points
DAX – Down by 0.02% or 3.97 points
Gift Nifty – Down by 0.36% or 80.50 points
*FII/DII activities*
FII – Sold 2051.09 Cr worth of shares
DII – Bought 2260.88 Cr worth of shares.
*Primary market activities*
Carborundum Universal Ltd – 93.8%
SKF India Ltd – 93.4%
Kajaria Ceramics Ltd – 88.2%
ICICI Lombard General Insurance Company Ltd – 88%
Schaeffler India Ltd – 87.1%
*Primary market activities*
IPO opening today
Chatha Foods Ltd (BSE SME) – Issue size 34Cr
Listing today
Signoria Creation Ltd (NSE SME) – Subscribed 666.32x
Popular Vehicles & Services Ltd (Main board) – Subscribed 1.25x
Royal Sense Ltd (BSE SME) – Subscribed 8.52x
*Commodities updates*
Gold – Rs 67395/10gm, Silver – Rs 75490/kg, Brcrude – Rs 6847/barrel, Copper – Rs 766/kg.
*Corporate News*
Tata Sons to sell 23.4 mn TCS shares worth Rs 9,362 crore in block deal.
Blinkit may become bigger than Zomato's food biz in 1 year: Deepinder Goyal.
