FPIs go bullish again on buying equities in Indian market
As per NSDL data, FPIs were buyers of equity in the cash market on all days of the week.
As per NSDL data, FPIs were buyers of equity in the cash market on all days of the week.
In the fortnight of September, foreign investors have infused Rs 27,856 crore in domestic equities.
In the month of August so far, foreign investors infused Rs 11,366 crore in the Indian debt market, pushing the net inflow tally in the debt segment to over the Rs 1-lakh-crore mark.
In July, foreign investors infused Rs 32,365 crore into Indian equities on the back of expectation of continued policy reforms and sustained economic growth and better-than-expected earnings season.
Foreign Portfolio Investors (FPIs) have raised concerns regarding the Securities and Exchange Board of India’s (SEBI) plan to introduce instant trade settlement in the equity markets.
This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, the Ministry said in a statement.
For the write off, the process prescribed in the SEBI's operational guidelines has to be complied with.
The government was at the receiving end of criticism from several quarters due to the existing surcharge structure put in place in the FY20 budget.
'Fear of further outflow of foreign funds is the main trigger today as the government has made it clear that the tax on the super-rich is here to stay.'
"Total cumulative investment by FPIs decreased to Rs 248,154 crore as on March 31, 2019 as against Rs 253,653 crore as on March 31, 2018," the survey, tabled in the Parliament by Finance and Corporate Affairs Minister Nirmala Sitharaman, said.
