HDFC AMC, Motilal Oswal, Nippon Stocks Rally Up to 7% on Foreign Capital Boost

Shares of major asset management companies surged on Monday, with $HDFCAMC MC, $MOTILALOFS Oswal, and Nippon AMC climbing up to 7% after Finance Minister Nirmala Sitharaman signalled more measures to attract foreign capital. Speaking at an event, Sitharaman said the steps announced by the government and the Reserve Bank of India (RBI) to draw overseas investors were “only the beginning.” She emphasised a broader roadmap to deepen foreign participation in Indian capital markets. The positive comments triggered strong buying interest in capital market-linked stocks. Market participants believe easier norms and improved liquidity could significantly benefit asset managers handling mutual funds and alternative investments.