Mumbai, July 31 (IANS) Flight of foreign funds, triggered via a new super-rich taxation surcharge, continued on Wednesday and took the overall outflow for July to over Rs 16,500 crore, the highest this year.
The foreign funds sold Rs 1,497.07 crore worth of stocks on the BSE, NSE and MSEI in the capital market segment.
As of July 31, an outflow of over Rs 16,500 crore had taken place.
However, value buying aided the 30-scrip S&P BSE Sensitive Index (Sensex) to make minor gains on Wednesday.
The Sensex opened at 37,257.55 and closed at 37,481.12 points, up 83.88 points or 0.22 per cent. It had touched a high of 37,576.37 and low of 37,128.26.
Similarly, the broader Nifty index of the National Stock Exchange (NSE) closed at 11,118 points, up 32.60 points or 0.29 per cent.
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz