Here are the top headlines of the day
The corporate fundamentals have been improving over the quarter and making many bluechip companies attractive for FPI investors
According to the depositories data, a net sum of Rs 7,563 crore was invested in equities while Rs 4,262 crore were withdrawn by FPIs between July 1-31
China's economy grew 3.2% in the second quarter, following a slump of 6.8% in the first, according to its National Bureau of Statistics
In the previous month, FPIs were net buyers to the tune of Rs 24,053 crore
In L&T Infotech and L&T Technology Services, their stake touched an all-time high level.
The latest withdrawal has come after investment of Rs 24,053 crore by FPIs in domestic markets in June
P-notes are issued by registered foreign portfolio investors to overseas investors who wish to be part of the Indian stock market without registering themselves directly
Fitch has used the pandemic impact to comment on lower growth for India, which can be -5 per cent this year due to the lockdown and its effects
This is four times the amount of Rs 774 crore invested at the end of the previous quarter
Rating agency ICRA had earlier in February estimated that Rs 2 trillion would likely be raised through the InvIT route over the next five years
According to provisional data provided by stock exchanges, overseas funds were net sellers to the tune of Rs 919 crore
The Budget earlier this year announced a 20% withholding tax on dividends paid to FPIs
After climbing to 34,928 in intra-day trade, the Sensex settled at 34,371 - 557 off the day's high but 83 points more than the previous close
The Sensex gained for the fourth consecutive day, rising 879 points, or 2.7%, to end at 33,303, while the Nifty rose 246 points, or 2.6%, to end at 9,826
Pull out $1.7 bn in a fortnight as stimulus action disappoints, Covid cases rise; India lags world markets in May
The inflow comes following a net withdrawal of Rs 6,883 crore in April and Rs 61,973 crore in March on fears of a coronavirus-induced global recession
The Senate passed a legislation earlier this week that requires non-US firms to meet a number of strict criteria to remain listed
Business Standard brings the top headlines of the day
The selling was far less intense in India with foreign portfolio investors (FPIs) offloading shares worth only $400 million