FIIs sell equity worth ₹8,000 cr post budget; here's why
FIIs sold over ₹8,106.21 crore worth of shares in the last two consecutive days from July 23-24, 2024.
FIIs sold over ₹8,106.21 crore worth of shares in the last two consecutive days from July 23-24, 2024.
FIIs pulled out ₹37,632 crore in FY23 but in March they poured over ₹7,936 crore into Indian equities.
The drawdown in forex reserves is expected to continue in the September quarter, despite the possibility of lower capital outflows and improvement in current account deficit.
In 2008, FIIs sold equities worth ₹53,000 crore and Nifty fell 35% while in first 74 days of current calendar year net selling by FIIs is ₹1.11 lakh crore and Index fell by just 9%.
Fortune India spoke to some of India's top economists, industrialists, bankers and CEOs to decipher Budget 2022.
The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
Despite the Survey’s positive tone, the Sensex and Nifty 50 closed in the red, falling nearly 8% in a matter of five trading sessions from their January 21 life–high.
Market experts welcome the 30–stock benchmark adding 6,000 points since December 1, but also caution against stretched valuations.
While the mutual fund industry assets under management crossed ₹31 lakh crore, MFs continued to reel under record–high redemption pressure in December. What would the new year bring?