Despite a broader selloff, foreign institutional investors have doubled down on a select group of Indian companies, according to Q4 data. FIIs pulled out about $53 billion from Indian equities since late 2024, yet some stocks still drew heavy ownership. Le Travenues Technology, the parent of ixigo, led with 64.19% FII holding as of March 31, 2026. Urban Company and Paytm’s parent One 97 Communications also featured, alongside 360 One WAM, Redington, CarTrade Tech and others.
FIIs have sold Indian equities on 150 of the past 240 trading days, a pattern analysts link to higher oil prices, a weaker rupee, and rising US bond yields. While global money is also rotating toward AI themes, domestic investors are picking up the slack, helping hold up the broader market despite sustained foreign selling pressures.
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The Government of Singapore’s India portfolio fell even as a handful of holdings powered ahead, with 10 stocks rallying as much as 70% over the past year. Gains were uneven—some delivered double-digit returns while others posted sharp declines. The portfolio also added five new stocks in the March 2026 quarter, signaling ongoing reallocation across sectors.
Mazagon Dock Shipbuilders reported strong March quarter performance, with net profit rising nearly 42% year-on-year to Rs 464 crore. The surge was powered by better execution across shipbuilding and submarine projects, while revenue from operations increased 16%. The board has recommended a final dividend of Rs 4.62 per share for FY ended March 2026.
The US Federal Reserve has kept its benchmark interest rates unchanged at 3.5% to 3.75% for the third consecutive meeting. The decision, led by Chair Jerome Powell, reflects ongoing uncertainty tied to the US-Iran conflict. With the FOMC vote split, investors are watching what this policy stance could mean for liquidity, dollar trends, and India’s stock market sentiment.
HSBC downgraded Indian stocks to “underweight,” citing rising energy prices tied to the Middle East war. The bank warns the shock could cloud India’s earnings recovery and make the market less attractive than North East Asian peers. Foreign investors have also been net sellers, though HSBC points to selective opportunities in private banks, base metals and healthcare.
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Eternal, Ola Electric, BLS International, Nestle, TAC InfoSec, and Tata Investment were among the top movers on Thursday, with big swings tied to earnings updates, new contracts, and product launches. The mix of results and announcements fueled volatility across D Street as investors repositioned quickly.
Oil prices have jumped past $100 as Iran Israel tensions raise fears of a prolonged shutdown of the Strait of Hormuz. Analysts warn crude could climb toward $150 if disruptions continue, stoking inflation risk and weighing on already pressured Indian equities. Markets are grappling with foreign outflows, rupee weakness, and lingering energy supply concerns.
Indian benchmark indices tumbled for a third straight session as rising Iran Israel and US tensions spooked investors. The Nifty fell over 2% and the Sensex shed nearly 1,500 points, with metals, auto and oil stocks dragging sentiment lower. Amid broad losses, a handful of names such as LTTS and IFCI managed to gain, highlighting stark stock-specific moves.
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