The measures, overall, will push private capex higher at a time when the global economy is facing recessionary headwinds, says Andrew Holland
Experts remain sanguine on the domestic markets' ability to turn around and believe robust domestic inflows, strong economic indicators, and cheap valuations will strengthen the markets
There are over 80 companies where FIIs have continuously increased their holding in the last four quarters, and around 30 firms where they have raised their holding by 50 per cent.
The euphoria, which started with the general election outcome giving a second consecutive term to the NDA, was short-lived, mainly due to the increase in surcharge on incomes of super-rich
The 30-share index Sensex shed 1.25 per cent during the period, while the 50-share index of National Stock Exchange (NSE) slipped 1.32 per cent, data fetched from ACE Equity shows.
Interestingly, net buying by domestic institutional investors showed a sharp spurt of Rs 5,196 crore