Investors monitor Sensex behavior during Lok Sabha election. FPIs sell Indian stocks. Hope for a good monsoon. Structural growth opportunity in Indian equities. Tata Steel, JSW Steel, Tata Motors, and HAL among recommended stocks.
Foreign portfolio investors (FPI) sold shares worth ₹12,514 crore across 11 sectors in the March 16-31 period. Apart from FMCG, automobiles, financial services and consumer durables sectors saw heavy selling by foreign investors. The automobiles sector witnessed profit booking worth ₹2,085 crore between March 16 and 31, after inflows worth ₹3,697 crore in the first-half of the month.
The new provisions in the treaty include a principle purpose test, which will be used to judge whether tax benefits under the treaty will apply to investments or not, according to the text of the treaty released by India s foreign ministry.
In FY24, FPIs invested heavily in capital goods, consumer services, and automobiles in India. Sectors like telecom, healthcare, and financial services also saw significant inflows, while metal & mining, oil & gas, media, and chemicals faced heavy selling.
Frax Price Index Share (FPIS) traded 3.6% lower against the U.S. dollar during the 1-day period ending at 16:00 PM E.T. on April 10th. One Frax Price Index Share token can currently be purchased for $1.20 or 0.00001722 BTC on cryptocurrency exchanges. During the last week, Frax Price Index Share has traded up 0.9% against […]