MSCI acknowledges govt's move to relax FPI investment limits
The investment legroom for FPIs in HDFC Bank, Kotak Mahindra Bank, and IndusInd Bank has reduced, according to index provider FTSE, which has dropped these stocks from some of its indices
The corporate fundamentals have been improving over the quarter and making many bluechip companies attractive for FPI investors
The pandemic erased more than $18 trillion from global markets over the course of February and March 2020, before a recovery in April and the subsequent months
In L&T Infotech and L&T Technology Services, their stake touched an all-time high level.
In March, FPIs had withdrawn a record amount of over Rs 1.1 trillion on a net basis, while Rs 15,403 crore was pulled out in April from the domestic capital markets (both equity and debt)
Market players said the higher limits have potential to attract billions in overseas flows but it may not play out immediately
Positive developments on US-China trade deal front led to renewed buying interest by the FPIs
Additionally, FPIs have the Budget announcements in their sights
Sebi said FPIs would no longer be required to meet the 'broad-basing' criteria, under which at least 20 investors were required to establish a fund. Listen to this podcast for more
Ajay Tyagi says steps needed to improve FPIs sentiment have been taken, hints at impact of tepid corporate earnings on markets
The signal to equity investors has not been too encouraging, says Investec India's Mukul Kochhar
An increase in the effective tax rate will affect only high net-worth individuals, and according to government policy they should contribute more to nation building, the finance minister said
Overseas investors had put in a net sum of Rs 45,981 crore in March and Rs 11,182 crore in February in the capital markets
Analysts attributed the increase in infusion to a shift in stance on monetary policy outlook by various central banks globally
The RBI said the directions in this regard have been issued the Foreign Exchange Management Act
RBI allows foreign portfolio investors (FPI) to take exposures of more than 20% in a corporate entity
The RBI increased the FPIs cap on investment in government security to 30 per cent of the outstanding stock of that security, from 20 per cent earlier
In case of corporate bonds, the minimum residual maturity will be one year now, relaxed from three years earlier
In order to capture FPI investment data in hybrid securities, a third category termed as 'Hybrid Security' shall be created