Foreign investors divested ₹16,848 crore from Indian markets in the latter half of December. FMCG and financial services saw major outflows. However, the information technology sector attracted ₹4,457 crore in inflows, marking the first positive fortnight since June. This shift indicates a change in global investor sentiment towards Indian equities.
Losing $1 billion a day: Gurmeet Chadha urges PMO, Finance Ministry to revisit capital gains tax, STT
Gurmeet Chadha has urged the government to revisit capital gains tax and STT, citing sustained foreign capital outflows. He claims India is losing nearly $1