Nirmala Sitharaman had proposed increasing the effective tax rate on individuals with taxable annual income of above Rs 2,000 cr by about 3%, and for those earning above Rs 5,000 cr by 7%
Gold and international funds, too, act as currency hedges
FPIs, however, invested a net Rs 2,096.38 crore in the debt securities during the period
Sensex gains 637 points, most in a day since January 31
The Budget provided for increased personal income taxes on those with an annual income of more than Rs 2 crore
Of the net inflows received in FY20 so far, 54 per cent are in the equity segment, 34 per cent in debt and the rest hybrid
ADR is a popular market breadth indicator. It compares the number of shares that ended higher against those that ended lower, over their previous day's close
The government on Thursday ruled out a rollback of the "super-rich" tax on FPIs organised as trusts or association of persons
FPIs may consider the option of structuring as companies and FPIs functioning as trusts may consider being registered as companies, said FM Sitharaman
Despite the large FPI pullout last week, the rupee has remained stable
According to reports, about 2,000 FPIs operate as trusts
The move will also help Embassy Office Park REIT
Besides the rejig of shareholding norms, the government's proposal to hike income tax surcharge on high net-worth individuals (HNIs) dented the market sentiment
She said a number of steps would be taken in consultation with the RBI and Sebi to deepen the corporate bond market
Prior to this, FPIs infused a net amount of Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February in the capital markets (both equity and debt)
So far in 2019, India has been one of the highest recipients of foreign flows among Asian and Emerging Market (EM) economies
Use institutional presence as your first selection filter for small-cap stocks
FPIs pulled out over Rs 210 billion from capital markets (both equity and debt) in September. Before that, they had put in Rs 7,500 crore in July and August.
Financial stocks were among major losers, while information technology shares gained thanks to a weak rupee
Garg asserted that the market regulator had extended the deadline of the circular last month until December