Foreign investors resume selling in Nov after brief pause in Oct
Foreign portfolio investors have resumed selling after a brief pause in October, pulling out a net Rs 12,569 crore from Indian equities so far this month.
Foreign portfolio investors have resumed selling after a brief pause in October, pulling out a net Rs 12,569 crore from Indian equities so far this month.
The move was driven by optimistic sentiment following the Reserve Bank of India's (RBI) interest rate reduction.
According to data with the depositories, Foreign Portfolio Investors offloaded shares worth Rs 21,272 crore from Indian equities so far this month (till February 14).
As per the data with the depositories, foreign portfolio investors (FPIs) have made a net inflow of Rs 15,352 crore in equities this till July 12.
At 9.35 a.m., Sensex traded at 59,238.99 points, up 464.27 points or 0.79 per cent, whereas Nifty traded at 17,662.00 points, up 139.55 points or 0.80 per cent.
The surge in foreign funds have also led the Indian stock market to touch new highs.
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.
It is believed that Department of Economic Affairs (DEA) Secretary Atanu Chakravarthy will be chairing the meeting.
Foreign portfolio investors sold debt securities worth over Rs 1,900 crore in February amid escalation of cross-border tensions in the wake of Pulwama terror attack.
Last week's provisional data from exchanges showed that foreign institutional investors (FIIs) became net sellers, as they off-loaded a total of Rs 2,067.19 crore worth of shares.
