Market and Business News

AHMEDABAD: Investment in foreign financial institutions has more than doubled to close to Rs 20 lakh crore by the end of September 2021 in the wake of the Corona epidemic in March 2020 and the historic boom seen after the announcement of the lockdown. According to SEBI data, the total assets of foreign funds rose to Rs 2.50 lakh crore at the end of September from Rs 41.15 lakh crore in the same period last year. Meanwhile, the assets of domestic mutual funds have risen to Rs 16.05 lakh crore during the period from Rs 4.5 lakh crore. When the Sensex reached close to 5,000 at the time of the announcement of the lockdown in March 2020, the total market capitalization of all the companies listed on the BSE had reached Rs 101 lakh crore. Accordingly, foreign funds accounted for a total of 30.5 per cent and domestic funds accounted for 4.5 per cent of the Indian stock market. At the end of September 2021, the market capitalization of the Indian stock market had risen to Rs 4.5 lakh crore...

AHMEDABAD: Investment in foreign financial institutions has more than doubled to close to Rs 20 lakh crore by the end of September 2021 in the wake of the Corona epidemic in March 2020 and the historic boom seen after the announcement of the lockdown. According to SEBI data, the total assets of foreign funds rose to Rs 2.50 lakh crore at the end of September from Rs 41.15 lakh crore in the same period last year. Meanwhile, the assets of domestic mutual funds have risen to Rs 16.05 lakh crore during the period from Rs 4.5 lakh crore. When the Sensex reached close to 5,000 at the time of the announcement of the lockdown in March 2020, the total market capitalization of all the companies listed on the BSE had reached Rs 101 lakh crore. Accordingly, foreign funds accounted for a total of 30.5 per cent and domestic funds accounted for 4.5 per cent of the Indian stock market. At the end of September 2021, the market capitalization of the Indian stock market had risen to Rs 4.5 lakh crore...