18 Jan, 2016
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Worksheets on Current Topics for Banking English Test Papers.
Nirdeshak is developing tailor made comprehension section from the recent news articles published in leading newpapers across the world. It is important to recognizing letters and words in the passage, as it is the first step in learning to read. For students it is vital that students comprehend, or understand, what they are reading. They must be able to get the meaning of the text: What is the author telling the reader?
Passage : FIIs
Foreign institutional investors (FIIs) might have largely shied away from the domestic equity market in 2015, but they actively increased stakes in almost 45 stocks in the S&P BSE500 index, and reduced in 77 others in the same period.
Going by latest shareholding data, midcap and smallcap stocks were high on FIIs’ buy list, while they sold stakes in top marquee names. Stocks where FIIs raised stakes in the past one year included Lupin, Bharti Infratel, BPCLBSE 0.32 %, JSW Energy, SCI, Welspun India, EIH and Prism Cements, among others.
Stocks where FIIs sold stakes consecutively in the last four quarters include TCS, HDFC Bank, NTPCBSE 0.00 %, Tata Motors, M&M, ITC, Tata SteelBSE -0.08 %, Punjab National Bank, Cairn India, Tata MotorsBSE 1.00 % DVR, Cipla and Tech Mahindra.
Although, FPIs still remain net buyers of Indian equities so far in 2015, their investments have dipped below $3 billion during the same period, compared with an average of about $20 billion that they had invested in each of the past three years.
Regional foreign funds had also started paring their overweight positions on Indian equities ahead of the US Federal Reserve’s decision to hike interest rates. Global emerging market (GEM) funds and Asia (excluding Japan) funds sold stocks worth nearly $800 million in the domestic market in November, according to data by EPFR, a Boston-based company that tracks global fund flows.
The data on global percentage allocation, which is released with a month’s lag, showed regional funds trimmed exposure to Indian equities by 1 per cent in October, while increasing their allocation to China and South Korea, the report said.
Most of the funds have been facing heavy redemption pressure, leading to a selloff in the emerging markets, including India. But India as a country still stands tall among the emerging markets, and will remain an attractive investment destination going forward.
“India will remain the fastest-growing country in the world in 2016 and probably over the next few years. Given that and the comparatively solid macroeconomic fundamentals and reasonable valuations with a strong expectation of improving company fundamentals, India should remain an attractive spot for FIIs,” said Vikas Gupta, Executive Vice President and Chief Investment Officer at ArthVeda Capital.
“FIIs should increase investments in India in 2016. The likelihood is that India will gain some funds, which will be rotating out of overweight China towards overweight India,” he said.
a) Relating to abroad
b) Relating to home
c) Relating to dollars
d) Relating to rupees
a) To possess
b) To acquire
c) To return
d) To discard
b) good enough
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Know about Sepp Blatter!
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