By earn 
Morning Alert..
*FPIs invest Rs 15,352 cr in Indian equities during the first two weeks of July*
Foreign investors infused Rs 15,352 crore into Indian equities during the first half of this month, driven by the government’s commitment to ongoing reforms, low US Federal rates, and strong domestic demand. The upcoming Union Budget will be one of the most watched events by foreign investors to understand the government’s plans for economic growth, Himanshu Srivastava, Associate Director – Manager Research at Morningstar Investment Research India, said. According to the data with the depositories, foreign portfolio investors (FPIs) have made a net inflow of Rs 15,352 crore in equities this month (till July 12). This came following an inflow of Rs 26,565 crore in equities in June on the back of political stability and a sharp market rebound. Before that, FPIs withdrew Rs 25,586 crore in May on poll jitters and over Rs 8,700 crore in April on concerns over a tweak in India’s tax treaty with Mauritius and a sustained rise in US bond yields. The latest FPIs’ flow can be attributed to the positive sentiments, stable government’s assurance on continuity of reforms, tepid US Fed rates, and strong domestic demand, Manoj Purohit, Partner and leader – FS Tax, Tax and Regulatory Services, BDO India, said.
* Global market action*
Dow Jones – Up by 0.20% or 78.77 points
FTSE – Up by 0.36% or 29.57 points
CAC – Up by 1.27% or 97.19 points
DAX – Up by 1.15% or 213.62 points
Gift Nifty – Up by 0.27% or 67.50 points
*FII/DII activities*
FII – Bought 4021.60 Cr worth of shares
DII – Sold 1651.45 Cr worth of shares.
*Stocks with high delivery percentage*
Carborundum Universal Ltd – 94.8%
Cholamandalam Financial Holding Ltd – 93.9%
Mahindra Lifespace Developers Ltd – 93.9%
Vinati Organics Ltd – 92.1%
Aegis Logistics Ltd – 89.3%
*Primary market activities*
IPO opening today
Tunwal E-Motors Ltd (NSE SME) – Issue size 115.64Cr
*Commodities updates*
Gold – Rs 73285/10gm, Silver – Rs 93136/kg, Brcrude – Rs 6898/barrel, Copper – Rs 869.50/kg.
*Corporate News*
Tata Power steps up efforts to rejig debt, and working capital measures.
IIFL Finance’s gold loan book shrinks by over Rs 7,000 crore in Q1.
Govt likely to pay bond interest dues of MTNL, assuring no default.
