India city Mumbai covid-19 outbreak 2020 economy India city Mumbai

FIIs’ equity holdings dip to 6-year low in Jan-Mar

Reading now: 920
www.livemint.com

On 30 March, foreign institutional ownership for 308 firms on the BSE 500 index, which contribute around 90% of India’s market capitalization, slumped to 12.3% MUMBAI : Foreign portfolio investors (FPIs) have reduced their exposure to India’s biggest listed companies significantly in January-March, bringing the foreign institutional ownership in Indian companies to at least 25-quarter, or six-year, low.

On 30 March, foreign institutional ownership for 308 firms on the BSE 500 index, which contribute around 90% of India’s market capitalization, slumped to 12.3%.

The sell-off by FPIs, because of steep valuations and poor macros, intensified following the covid-19 outbreak, slashing stakes in FMCG (fast-moving consumer goods) and pharma

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA