Stay updated with breaking news from Wright Research. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tata Motors shares zoomed 4.17% to Rs 537.15 against the close of Rs 515.65 in the previous session. In the current session, Tata Motors stock opened at Rs 525 on BSE.
SEBI is contemplating such a move given that higher-cost active schemes have underperformed, while lower-cost passive schemes have outperformed. But the jury is out on whether this will help.
With this, FPIs have taken out Rs 14,580 crore from equities in 2023 so far and invested Rs 4,268 crore in the debt markets during the period.
According to data from the depositories, FPIs started the current financial year on a positive note, and invested Rs 11,630 crore in Indian equities in April.
The stability of the Indian economy compared to other emerging markets and reasonable valuations may continue to attract FPIs to Indian equities.