The secretary was responding to a query at a press conference in Visakhapatnam on whether the long-term capital gains tax rate of 12.5 per cent for equities is to blame for market's sharp correction
Foreign investors also offloaded $800 million worth of consumer stocks, while the auto and capital goods sectors saw outflows of $450 million and $500 million
RBI's recent swap of $10 billion has calmed market participants' frayed nerves
Modi tells that FPIs are expected to stay away from Indian markets until expensive Indian equities become attractive to them
Decline in 13 of last 14 sessions; Nifty may end in red for a record 5th month
A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25
We are building to be an investor-friendly country, says FM
India records the highest FPI equity sales among EMs
The exodus of FPIs from the Indian equity markets continued unabated, as they withdrew over Rs 7,300 crore (about 840 million) in the first week of this month due to global trade tensions, with the US imposing tariffs on countries such as Canada, Mexico, and China. This came following an outflow of Rs 78,027 crore in the entire January. Before that, they invested Rs 15,446 crore in December, data with the depositories showed. Going forward, experts believe that market sentiment will likely take cues from global macroeconomic developments, domestic policy measures, and currency movements. According to the data, Foreign Portfolio Investors (FPIs) offloaded shares worth Rs 7,342 crore from Indian equities so far this month (till February 7). Himanshu Srivastava, Associate Director-Manager Research, Morningstar Investment Research India, said that a key driver of the outflow was global trade tensions, as the United States imposed tariffs on countries including Canada, Mexico, and China
The Nifty financial services index shed 1.2 per cent and Nifty 50 dropped 0.6 per cent last month - modest losses despite the high sales
The benchmark Sensex and Nifty ended with a decline of around half a per cent
Experts foresee a case to liquidate investments ahead of tax hike
Securities sales to attract capital gains tax, not business income tax
The longest losing streak was from September 1994 to April 1995, during which it fell by 31 per cent over eight consecutive months
Seismic shifts in sentiment call for a cautious, sell-on-rise approach: Analysts
Largecap companies are generally less vulnerable to economic slowdowns than their mid- and smallcap counterparts
Trump begins US presidency with 'America First Trade Policy': A slew of executive orders and announcements on Day 1 turn policymakers, investors cautious
Foreign investors have pulled out Rs 44,396 crore from Indian equities this month, driven by strength of the dollar, rising bond yields in the US, and expectations of a weak earnings season. This came following an investment of Rs 15,446 crore in the month of December, data with the depositories showed. The shift in sentiment comes amid global and domestic headwinds. "The continued depreciation in Indian rupee is exerting significant pressure on foreign investors leading them to pull the money out of the Indian equity markets," Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Advisers India, said. In addition to that, higher valuation of Indian equities, despite recent corrections, expectation of a rather weak earning season and uncertainty over the pace of economic growth are making investors wary, he added. According to the data, Foreign Portfolio Investors (FPIs) offloaded shares worth Rs 44,396 crore from Indian equities so far this month (til
Move will do away with need to furnish specific data sought earlier
Cumulative net shorts on Nifty and Bank Nifty Futures by FPIs on Thursday was highest since June 6, 2024