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FPI inflows into Indian equities hit 15-month high of Rs 17,220 cr in Feb

Foreign investors have turned into net buyers in February mainly on account of clarity on government spending post budget and value buying in several pockets, according to Vidya Bala, Head – Mutual Funds Research at FundsIndia, said.
She further said that inflows into the equity market can be attributed to a positive view on budget and dovish stance taken by the central bank.

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From the best to worst, India’s stock market sets off alarm bells

Overall, stock funds took in a net 61.6 billion rupees ($866 million) in January, the least in two years and down 7 per cent from the previous month, figures from the Association of Mutual Funds in India showed. After withdrawing money to start the year, foreign investors have only dipped their toes back in, with $117 million of inflows in February so far, according to data compiled by Bloomberg.

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‘Unregulated deposit ordinance to lead to creation of central repository of registered firms

The Ordinance makes it absolutely necessary for everyone to register before taking a deposit and creating a central repository of all the registered entities which can take deposits. So, whosoever are not registered are not regulated entities,” said Financial Services Secretary Rajiv Kumar.
From now on, there is a complete ban on unregulated deposit and anyone promoting this will be punished, he said. “It also says you cannot dupe anybody as an agent or even as advertisement, you cannot give face to that scheme which is not regulated by any agency,” he added.

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