Foreign investors selling Indian equities due to ‘profit booking’: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman Monday said the foreign institutional investors (FII) are selling Indian equities lately due to the profit booking.
Union Finance Minister Nirmala Sitharaman Monday said the foreign institutional investors (FII) are selling Indian equities lately due to the profit booking.
India continues to attract foreign investors who bet heavily on the country’s growing population, rising consumer market, and a young and dynamic labour force.
The event held in New Delhi and graced among others by Chief Minister Mohan Charan Majhi, was attended by Ambassadors, High Commissioners, Consul-Generals, Trade Commissioners, and senior diplomats from 34 countries.
Foreign investors have injected close to Rs 33,700 crore in domestic equities so far in September, according to data available with the depositories.
Foreign investors have infused Rs 7,320 crore in the Indian equities in August owing to high valuation of stocks.
In May, foreign investors pulled out a massive Rs 17,000 crore from Indian equities in the first 10 days of the month.
Qatar has launched its first digital platform for foreign investors who seek to explore business opportunities in the Gulf country, the Investment Promotion Agency (IPA) said in a statement.
In terms of investment, out of 25 sectors, foreign players have shown keen interest in five sectors.
A series of roadshows, organized by a couple of delegations of state ministers, focussing the upcoming UP Global Summit in Lucknow, has received encouraging response. The global event is expected to help the state get Rs 10 lakh crore investment.
Foreign portfolio investors becoming net buyers in Indian stock markets again after nine long months renewed the investors' sentiment.
