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Business News

Sep 29, 2019
7:26PM

Foreign investors pour in Rs 7,714 cr into capital markets in September

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After remaining net sellers for the past two months, foreign investors infused a net 7,714 crore rupees into the domestic capital markets in this month following a slew of economic reforms by the government.
     
The Centre last week slashed corporate tax rate by around 10 percentage points and also clarified that the enhanced tax surcharge will not apply on capital gains arising from sale of any security, including derivatives, in the hands of foreign portfolio investors (FPIs).
   
Besides, the Securities and Exchange Board of India (Sebi) simplified KYC requirements for FPIs and granted them permission to carry out off-market transfer of securities.
   
As per latest depositories data, FPIs poured around 7,850 crore rupees into equities and withdrew around 136 crore from the debt segment between 3rd to 27th this month, translating into a cumulative net inflow of 7,714 crore rupees.
   
Prior to this, foreign investors had pulled out a net 5,920 crore rupees in August and 2,986 rupees crore in July from the domestic capital markets (both equity and debt).

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