The record monthly inflow of FPI money into domestic equities in November has also meant that in just eight months of the current financial year, FPI inflow aggregated to Rs 1,56,275 crore — the highest in any financial year.
A cross-section of stakeholders contacted by The Indian Express, including three of the ten experts consulted by the RBI's Internal Working Group which last week favoured entry of business houses, said companies can bring in much-needed capital, business experience and managerial competence into banking.
At a time when the world is battling the Covid-19 pandemic and interest rates in developed markets across Europe are much lower, investors are looking for relatively better-yielding debt instruments to safeguard their interests.
Handholding and advising entrepreneurs through his foundation, he said while there is always a case for more support from government during these times, our government did what it could despite weak finances
FPIs have taken a positive call on India despite its economy being one of the hardest hit due to the Covid-19 pandemic, said market experts pointing to the all-time highs that benchmark indices have touched.
Whenever the market has scaled new highs in the past, as is happening now, investors have found it too expensive to enter. Only with time have many investors realised it was a mistake not to have invested then.
Manufacturers feel that government needs to help in lifting demand for full range of electrified vehicles including hybrids by way of tax incentives to attract investments for developing EV ecosystem in the country.
Remittances for the purposes of maintaining relatives and gifting in September 2020 were more than in February 2020 and September 2019. Remittances for purposes of education were 10 per cent less than the figure of September 2019.
Data from NSDL and BSE shows that over the last six trading sessions FPIs have pumped in a net of Rs 25,200 crore into Indian equities and market participants say that most of that has flowed into large cap firms.
After Rs 500 and Rs 1,000 notes were withdrawn from the system in November 2016, currency with the public, which stood at Rs 17.97 lakh crore on November 4, 2016, declined to Rs 7.8 lakh crore in January 2017 soon after demonetisation.
There is a general feeling that while US policies with respect to India may not see a big change despite a change of leadership in US, there is a sense that a more predictable leader is better geopolitically and for the global equity markets.
The RPL case has been hanging fire for the last 13 years. RIL had sold 4.1 per cent of its stake in RPL. However, to prevent a plunge in the RPL share price, the equity was apparently sold first in the futures market and later in the spot market.
Economic Affairs Secretary Tarun Bajaj said the government expects high price levels to cool down with the arrivals of the new crop, adding that another round of stimulus measures is likely to be unveiled shortly.