Even after the surprise reduction in corporate tax, select large-caps have been outperforming the broader markets this year
Prior to this, foreign investors had pulled out a net Rs 5,920.02 crore in August
The higher tax paid would depend on the quantum of individual FPIs' selling during the past two months and the gains realised
The finance minister announced a slew of measures to boost the slowing Indian economy
Foreign portfolio investors withdrew a net amount of Rs 5,577.99 crore from equities while infusing Rs 1,384.81 crore into the debt segment
The announcement comes a month after the surcharge on income earned from equities and derivatives was scrapped
Broader basket of 864 stocks are currently trading at 29.5x their trailing 12-month earnings, against 10-year average earnings multiple of 19.5x
The latest inflows have been triggered by improving investor sentiment on the back of easing US-China trade war and supporting macroeconomic data, experts said
While liquidity played a role, banks' reluctance to lend due to risk aversion and tightened group borrower exposure limits are pushing firms to the corporate bond market space, say experts
As per latest depositories data, foreign portfolio investors pulled out a net amount of Rs 4,263.79 crore from equities but infused a net Rs 3,000.86 crore into the debt segment
The overall assets of sovereign wealth funds rose 12.4 per cent in in the last year to Rs 1.71 trillion
The Sensex tumbled 770 points to end at 36,563, while the Nifty closed at 10,798, down 2 per cent, or 225.35 points
Since the presentation of the Budget in July, markets have mostly been a one-way street with the Nifty50 slipping over 8%
The rollback of surcharge hike on FPIs has boosted share prices of a number of Nifty 100 companies
Experts say concerns about a slowdown in the domestic economy, combined with fears of a global recession, have eclipsed the move to withdraw the surcharge
The provisions have undergone changes and exemptions were introduced in subsequent years
The Centre on Friday announced a slew of measures to revive growth momentum, including rollback of enhanced super-rich tax on foreign and domestic equity investors imposed in the Budget
The tax payable at normal rate on business income arising from the transfer of derivatives to a person other than FPI shall be liable for the enhanced surcharge
Taxes had risen for foreign portfolio investors (FPIs) and others following surcharges introduced in the Budget
The Rs 70,000-crore recapitalisation announced in the Budget will be sped up