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TMI BlogProfit booking leading FIIs to sell Indian equities: FMX X X X Extracts X X X X X X X X Extracts X X X X ..... Profit booking leading FIIs to sell Indian equities: FM X X X X Extracts X X X X X X X X Extracts X X X X ..... e where the investors are bagging better returns which leads to profit booking. "FIIs also go out when they are able to or in a position to book profits. Indian market today, Indian economy today, has an environment in which investments are also yielding good returns and profit booking is also happening," she said. It can be noted that FIIs have sold over Rs 1.56 lakh crore of stocks since Oct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ober last year, including nearly Rs 1 lakh crore in 2025 itself, which has led to a sharp correction on the indices and wiping out investor wealth. Finance Secretary Tuhin Kanta Pandey said FIIs are not moving from one emerging market to other, and added that in times of global uncertainties like the one being witnessed right now, they tend to go back to the country of origin, which is mostly th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e US. He also hinted that these shifts may be temporary, and added that Indian markets are resilient. Explaining that apart from demand-supply issues, growth prospects also influence investor behavior, Pandey said India remains the fastest growing large economy and added that the recently announced Budget has a slew of growth-oriented measures. "We have faced global headwinds in the past, an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d will continue to face them. But I think India is in a strong position to handle it," he added. Ajay Seth, Secretary of the Department of Economic Affairs, dismissed any idea of a government interference in the market because of the heavy sell-offs, stating that such a move can be carried out only if there is any evidence of market failure, which is not the case at present. Seth said equities ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... do not function on government policies alone, and added that foreign investors go to developed or bigger markets in periods of uncertainties. He said that while India has shown resilience when it comes to world events in parts, it is not fully de-coupled either. To a question on the US posturing on tariffs, Sitharaman said India is working towards becoming more investor friendly and pointed t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o recent budget announcements on reforms in customs duties.
India has already taken several measures over the last two years on the duties front with the view to protect local industry and jobs, she said, adding that the safeguard or anti-dumping duties are also periodically reviewed. PTI AA DRR X X X X Extracts X X X X X X X X Extracts X X X X
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