fpi
FPI surcharge removal, stimulus measures likely to boost markets: Experts
FM Nirmala Sitharaman on Friday announced rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.
FPIs withdraw Rs 3,014 cr from capital markets in August so far
According to depositories data, foreign portfolio investors withdrew a net amount of Rs 12,105.33 crore from equities.
Enhanced surcharge on FPIs removed: Sitharaman
Surcharge on long and short term capital gains from transfer of equity shares has been withdrawn, said FM Nirmala Sitharaman.
Global factors to determine market trend this week: Experts
Participants are also awaiting measures from the government to boost growth and revive consumer sentiment, experts added.
FPIs pull out Rs 8,319 cr in Aug amid persisting negative sentiment
FPIs, however, invested a net Rs 2,096.38 crore in the debt securities during the period.
Macro data, policy cues to drive markets in holiday-shortened week: Analysts
During the last week, the Sensex gained 463.69 points or 1.24 per cent.
FPIs remain in sell-off mode, pull out Rs 9,197 cr in Aug so far
However, analysts said the trend may reverse if the government addresses the tax concerns of overseas investors.
India may exempt foreign portfolio investors from higher taxes: sources
In the budget last month, Sitharaman proposed to hike taxes on those earning more than 20 million rupees annually.
India may exempt foreign portfolio investors from higher taxes: sources
Separately, media said government was considering reducing tax on long-term capital gains introduced three years ago.
Forex reserves fall by USD 727 million to USD 429.6 billion
The country's reserve position with the fund also declined by USD 15.8 million to USD 3.534 billion, the apex bank said.