Foreign Portfolio Investors (FPIs) have raised concerns regarding the Securities and Exchange Board of India’s (SEBI) plan to introduce instant trade settlement in the equity markets.
FPIs had withdrawn a whopping Rs 24,548 crore from Indian equities during October which resulted in the stock markets turning volatile.
The market had not positioned itself for the US 10-year bond yield at 4.95 per cent and, therefore, this unexpected spike in yields will take its toll on equity markets
Foreign portfolio investors (FPI) invested Rs 43,838 crore in the Indian stock markets in May.
The sell-off by the FPIs in March is way more than they pulled out in January and February of Rs 33,303 crore and Rs 35,592 crore, respectively.
"Total cumulative investment by FPIs decreased to Rs 248,154 crore as on March 31, 2019 as against Rs 253,653 crore as on March 31, 2018," the survey, tabled in the Parliament by Finance and Corporate Affairs Minister Nirmala Sitharaman, said.
"The clubbing of investment limit for FPIs should not be done on the basis of beneficial owner (BO) as per PMLA rules," it added.
In a relief to FPIs, markets regulator Sebi on Tuesday extended the deadline by two months till December for providing a list of beneficial owners, and assured them that issues raised will be looked into by an expert panel.
Having booked profit from August to December 2017, foreign portfolio investors or FPIs have staged a strong comeback in January…
Markets regulator Sebi on Thursday decided to relax entry norms for foreign portfolio investors (FPIs) willing to invest in the…
