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Foreign investors put Rs 7,714 Cr in capital market in September
Economy

Foreign investors put Rs 7,714 Cr in capital market in September

Agency News

Foreign investors invested amount to the tune of Rs 7,714 crore into the domestic capital markets in September due to a series of economic reforms announced by the government.

The two crucial reforms by Modi government which influenced the Foreign investors were the cutting down of corporate tax rate by around 10 percentage points and rolling back of the enhanced tax surcharge 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 in a net Rs 7,849.89 crore into equities and withdrew a net Rs 135.59 crore from the debt segment between September 3-27, translating into a cumulative net inflow of Rs 7,714.30 crore.

Prior to this, foreign investors had pulled out a net Rs 5,920.02 crore in August and Rs 2,985.88 crore in July from the domestic capital markets (both equity and debt).