Foreign Institutional Investors dumped about Rs 27 billion of Indian equities in a week that saw the Nifty slide 2.4%, while domestic institutions kept buying for a tenth straight week.
Posts tagged as “Indian equities”
Tech Mahindra, Wipro and other Indian IT firms surged more than 12% this week, reversing earlier outflows amid a global AI sell‑off and stronger quarterly results.
State Bank of India's research arm urges the government to scrap the 12.5% long‑term capital gains tax on equity and extend holding periods, aiming to stabilise foreign portfolio inflows amid rising outflows.
The Nifty 50 rose 1.3% to 22,520.45 on Friday, but analysts warn that high crude prices, continued foreign outflows and upcoming data could curb the rally.
Foreign investors sold a net Rs 35,861 crore of Indian equities in September, with financial services experiencing the deepest outflow in the second half of the month.
Rising oil costs, a 10‑year US Treasury yield at a 22‑year high and aggressive foreign‑investor selling are weighing on the Nifty and Sensex ahead of key earnings.
The Nifty50 closed at 23,140.5 on Sept. 25, marking a seven‑week fall of 5.8% and raising the prospect of an unprecedented eighth weekly decline.
Market experts say the Nifty 50 could reclaim the 25,000 level this year if global yields ease, oil prices stabilise and corporate earnings stay strong.
The National Stock Exchange of India's IPO closed with a grey market premium of about 3% and overall subscription at 1.16 times the offer.
Shares of Tata Group companies jumped on September 15 after the RBI rejected Tata Sons' request to surrender its core investment company status, reviving expectations of a public listing.