Foreign Funds News Today

Testimony before Committee on House Administration United States House of Representatives May 16, 2024 Hans A. von Spakovsky Senior Legal Fellow Manager, Election Law Reform Initiative Edwin Meese III Center for Legal and Judicial Studies The Institute for Constitutional Government The Heritage Foundation

While index-tracking flows are set to kick in from June, many active investors had placed their bets ahead of time, which helped India’s benchmark 10-year yield drop to the lowest in nine months in March

Promoters continue to sell stocks, foreign funds continue to dump shares, and local funds continue to be the steady buyers

The Nifty gained 0.34% or 74.7 points to close at 22,196 after making a lifetime high of 22,215. The BSE Sensex gained 0.48% or 349.2 points to close at 73,057. The index is still 370 points away from its all-time high of 73,427.

What bulls need to be mindful is that sustained foreign fund selling can keep a lid on stock prices

India will monitor flows of foreign funds after its inclusion into JPMorgans emerging market debt index to prevent hot money and volatility in currency and bond markets. The governments concern is with longer-term investors who exit passively without reflecting economic conditions. India plans to raise nearly 200 billion rupees through sovereign green bonds in the 2024/25 fiscal year, maintaining a similar level as last year

The Securities and Exchange Board of India (SEBI) last year asked offshore funds that have invested more than 50% of their assets under management (AUM) in a single group of companies and have more than 250 billion rupees ($3 billion) in Indian equity markets to disclose their investors.

On Tuesday, the BSE Sensex dropped 1.49%, or 1,061.96 points, to 70,361.69. NSE Nifty declined 1.55%, or 334.95 points, to close at 21,236.85. Of the 50 top stocks, only 11 advanced.

The Supreme Court on Friday stayed a Delhi HC ruling in favour of Blackstone that said tax residency certificates were sufficient for availing benefits from double tax avoidance agreements

India Business News: After weeks of gains, the Sensex experienced a session of widespread profit-taking, predominantly driven by foreign funds, resulting in a significant