New Delhi: After remaining net sellers for the past two months, foreign investors infused a net ₹7,714 crore into the domestic capital markets in September following a slew of economic reforms by the government. The Centre last week slashed corporate tax rate by around 10 percentage points and also clarified that the enhanced tax surcharge will not apply on capital gains arising from sale of any security, including derivatives, in the hands of foreign portfolio investors (FPIs). As per latest depositories data, FPIs poured in a net ₹7,849.89 crore into equities and withdrew a net ₹135.59 crore from the debt segment between September 3-27, translating into a cumulative net inflow of ₹7,714.30 crore. Prior to this, foreign investors had pulled out a net ₹5,920.02 crore in August and ₹2,985.88 crore in July from the domestic capital markets (both equity and debt). Besides, the cooling of the US-China trade war is also helping investors' sentiments, said Harsh Jain, COO and co-founder of Groww.

Source: Mint September 29, 2019 06:00 UTC