Foreign portfolio investors pulled out Rs 6,452 crore so far in May from Indian markets amid tumbling investor sentiment due to the second wave of the COVID-19 pandemic.
Will enable global investors to set up tax-exempt entities
This came amid buoyancy in the secondary market
Confidentiality, difficulty in differentiating an account as client or non-client are some of the issues raised
In Tata Steel, FPI holding was up by 5.69% and in SAIL by 0.93% between October and December; in JSPL and JSW Steel, it was marginally down by 0.72% and 0.03%, respectively
After remaining on the sidelines during the last week, FPIs have pumped in over $1 billion (Rs 8,030 crore) in equities in past two days alone
A sharp fall in the US markets on Wednesday and weak opening in other Asian markets weighed on sentiment of domestic investors causing the Sensex to drop nearly 900 points in intra-day trade
Overseas investors pumped in Rs 24,469 crore into equities but pulled out Rs 6,013 crore from the bonds market between January 1-22
While they hold no more than 5% of GOI debt stock jointly, their buying and selling stood out in 2020, when Centre and state govts expanded their market borrowing plans
In November, the total net investment of FPIs stood at Rs 62,951 crore
The inflow of over Rs 60,000 crore of funds into the Indian markets from foreign portfolio investors (FPIs) in November would defy all moods
All these counters witnessed aggressive buying for foreign portfolio investors
P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly
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Analysts expect the markets to remain upbeat until the presidential polls, but investors may be better off on the sidelines until then
In equities, FPIs invested a net sum of Rs 15,642 crore and the debt segment saw an inflow of Rs 2,107 crore during October 1-23
The legislation provides tax exemption for contributions made to PM-CARES Fund, which was set up in March
P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly
According to the depositories data, a net sum of Rs 7,563 crore was invested in equities while Rs 4,262 crore were withdrawn by FPIs between July 1-31
The latest withdrawal has come after investment of Rs 24,053 crore by FPIs in domestic markets in June