rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Rediff News  All News 
Rediff.com  » Business » Indian markets performed better compared to peers, says FM

Indian markets performed better compared to peers, says FM

February 17, 2014 14:20 IST

Indian markets performed better compared to peers, says FM

     Next

Next

Helped by investor-friendly measures by the government and RBI, India's capital market was among the better performing markets compared to its peers in the emerging economies last year.

The interim Budget presented by Finance Minister P Chidambaram in Parliament today noted that the Indian capital market, in line with global trends, was affected by the expectation of market participants regarding the tapering of the monthly bond purchase programme of the US Federal Reserve.

Click NEXT to read further. . .

Interim Budget 2014-15: Complete Coverage


Photographs: Reuters

     Next

Indian markets performed better compared to peers, says FM

Prev     Next
Prev

Next

However, it added that the investor-friendly measures taken by the government and the Reserve Bank gave a positive fillip to investor sentiment in the Indian market.

"As a result the Indian capital market has emerged as one of the better performing markets in the world in the year 2013, in comparisons to the other emerging markets," it added.

Besides, the Budget noted that Foreign Institutional Investors reposed confidence in the Indian capital markets with investments of $12.13 billion.

Click NEXT to read further. . .

Interim Budget 2014-15: Complete Coverage


Image: P Chidambaram.
Photographs: Courtesy, PIB

Prev     Next

Indian markets performed better compared to peers, says FM

Prev     More
Prev

More

Foreign institutional investors added $20.10 billion in equities while they pulled out $7.97 billion from the debt market, resulting in total net flows of $12.13 billion.

"FIIs have also reposed their confidence in the Indian market manifested in positive net FII investment during the last four months of 2013, reversing the earlier trend of net outflow during the June-August period in the current year," the Budget noted.

Interim Budget 2014-15: Complete Coverage


Image: A stock broker reacts.
Photographs: Reuters

Prev     More
© Copyright 2019 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.