Domestic equity benchmark BSE Sensex jumped over 250 points in early session on Friday led by gains in banking and energy stocks amid reports that the government is likely to roll back higher surcharge on foreign portfolio investors.
This was the worst year for Indian capital markets in terms of overseas investment since 2002, the last year for which segregated FPI data for equity and debt markets are available.
According to the latest data available with the markets regulator Sebi and depositories, fund managers lapped up shares to the tune of Rs 11,638 crore last month. On the other hand, FPIs pulled out Rs 10,825 crore from equities.
Mumbai: Market regulator Sebi has said a non-resident Indian (NRI) will not be allowed to seek registration as a foreign portfolio investor (FPI).However, a fund that has NRIs as investors will not be prevented from
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