Mumbai, July 27 (IANS) Domestic equity benchmark indices opened higher on Monday, supported by a sharp decline in crude oil prices.Sensex started the session 549.21 points or 0.72 per cent higher at 76,608.98, while Nifty gained 160.95 points or 0.68 per cent to 23,928.40.All sectoral indices traded in positive territory during the opening session.Nifty MidSmall Financial Services index emerged as the top gainer, rising 1.29 per cent, followed by Nifty IT, which advanced 1.25 per cent. Nifty Med…
Latest Foreign Portfolio Investors News & Updates
New Delhi, July 20 (IANS) There is no proposal under the consideration of the government at present to scrap the long-term capital gains (LTCG) tax on equity transactions for retail and domestic investors, Minister of State for Finance Pankaj Chaudhary informed Parliament on Monday. In a written reply to a question in the Lok Sabha, the minister further stated that tax policies, including capital gains rates, are reviewed periodically as part of the annual budget process and legislative revision…
Mumbai, July 20 (IANS) Shares of MTAR Technologies remained under heavy selling pressure on Monday, hitting the 5 per cent lower circuit for the third consecutive trading session as investor sentiment continued to weaken amid concerns over its key customer, Bloom Energy.The stock was locked at its 5 per cent lower circuit limit of Rs 5,741.50 during intra-day trade on the BSE.With the latest decline, the stock has fallen about 34 per cent from its record high of Rs 8,714.95 touched on June 19, 2…
Mumbai, July 12 (IANS) Foreign portfolio investors (FPIs) have turned net buyers of Indian equities in July, marking a reversal after four consecutive months of heavy selling, as improving domestic macroeconomic conditions, a stable rupee and stronger global risk sentiment boosted investor confidence.According to data from the Central Depository Services (India) Limited (CDSL), foreign investors have infused more than Rs 15,157 crore into Indian equities so far this month.The renewed buying come…
New Delhi, July 12 (IANS) The changes made by the government in taxation of debt investment have made debt investment in India attractive for FPIs, which is also an important factor contributing to the stability in rupee, according to analysts.The shift in the stance of FPIs towards India, which turned positive beginning early July, is continuing. The total FPI investment through the secondary market (up to July 10) stands at Rs 5,155 crore. “Additionally, there has been an investment through …
Mumbai, July 8 (IANS) The Securities and Exchange Board of India (SEBI) has notified amendments to the Foreign Portfolio Investors (FPI) Regulations, replacing the US dollar-denominated fee structure with a rupee-denominated payment mechanism for foreign investors and foreign venture capital investors (FVCIs).The changes will come into effect after six months, giving foreign investors and intermediaries adequate time to transition to the new system.According to a notification issued by SEBI, the…
Mumbai, July 7 (IANS) The market capitalisation (mcap) of all listed companies on the BSE has hit a record high in rupee terms, driven by the sustained rally in stock markets, strong gains in broader markets, easing geopolitical tensions, softer crude oil prices and renewed foreign institutional investor (FII) buying.As of Monday’s close, the combined market capitalisation of all BSE-listed companies stood at a record Rs 482.31 lakh crore, up 17 per cent since the beginning of April. The previou…
New Delhi, June 28 (IANS) A series of tax and policy measures introduced in recent years has enhanced the attractiveness of equity investments in India, creating favourable conditions for sustained domestic inflows into the stock market despite relatively subdued returns over the past two years, according to a report by JP Morgan.The global investment bank said recent changes in the taxation of long-term capital gains, debt mutual funds and insurance products have significantly improved the rela…
New Delhi, June 21 (IANS) Rupee is likely to appreciate further in the coming weeks and in the context of appreciating domestic currency, foreign portfolio investors (FPIs) are unlikely to sell significantly going forward, analysts said on Sunday.The better-than-expected FY26 earnings growth of 15.6 per cent for Nifty 500 is providing fundamental support and resilience to the market. “However, poor monsoon, so far this year, is becoming a concern,” said analysts.There has been a distinct cha…
New Delhi, June 13 (IANS) Foreign portfolio investors (FPIs) are unlikely to continue selling big in India in the context of stable currency and improving economic prospects and the selling is likely to slow down significantly, analysts said on Saturday.There is a decreasing trend in FPI selling in India. On Friday, FPIs sold only for Rs 1,082 crore in the equity cash market.“Recent geopolitical developments, which everyone expects to lead to a peace deal between US and Iran have led to sharp …