vikas parshuram samwatsare

Ignoring concerns, FIIs pumps Rs 8,400 crore in stocks in July

 Foreign investors have poured a little over Rs 8,400 crore into the Indian equity market this month so far sidelining concerns over weak monsoon, slowing economic growth and a high interest rate regime.

After three consecutive months (April-June) of selling, overseas investors infused Rs 8,424 crore into the equity market till July 27, according to the data available with the Securities and Exchange Board of India.

Market experts said foreign investors have sidelined concerns over weak monsoon, slowing economic growth and a high interest rate regime, mainly on hopes that government would initiate fresh reforms initiatives as Prime Minister Manmohan Singh had taken the additional charge of the finance portfolio.

 

Sebi fears small brokers used as front in midcap crash

 

 ome little-known brokers have come under the scanner of market watchdog Sebi for suspected manipulative activities in stocks by spreading rumours about certain listed companies, including a few mid-cap entities whose share prices fell like nine-pins last week.

The regulator is now looking into the possibility of these brokers, whose trading activities have not been material in the past, being used as front entities by some foreign investors, HNI financiers and even company promoters.

According to sources familiar with the matter, Sebi's preliminary investigations into the last week's sharp plunge in some mid-cap stocks have thrown forward certain interesting facts and it could be possible that the rumours could have been spread with an aim to beat down the stocks.