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.
We are learning from 2008, and readying our systems for any sudden outflow of foreign investments, says finance minister Nirmala Sitharaman.
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?
While the year was marred by the Covid-19 pandemic, lockdowns, and negative GDP, the equity benchmark indices, however, saw record highs. Will the trend continue in 2021 too?
Although bourses are roaring, SEBI data shows mutual fund managers have been playing smart by continuing to be net sellers of equities, even in the month of November.