FPIs pumps in Rs 2,300 crore in 3 days
Shital Jibhe / 06 Feb 2017
February started well for the markets. In the first week, Sensex ended with the gains of 1 per cent. Foreign portfolio investors (FPIs) has turned friendly this time as in the last four months, it was into a selling spree.
February started well for the markets. In the first week, Sensex ended with the gains of 1 per cent. Foreign portfolio investors (FPIs) has turned friendly this time as in the last four months, it was into a selling spree.
According to depository data, FPIs infused a net sum of Rs 1,246 crore in equities during February 1-3 and another Rs 1,098 crore in the debt segment, making the total inflow of Rs 2,344 crore in the Indian capital market.
The Union Finance Minister Arun Jaitley, in his Budget speech, proposed that the category I and category II should be exempted from tax on indirect transfer, which is the only reason for such a surge in the investment made by the FPIs.
On the other hand, long term and short term capital gain tax was unchanged, which was cheered by the investors.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.