Equity benchmarks recouped losses in afternoon trade with the Nifty reclaiming 8600 level amid volatility ahead of expiry of October derivative contracts, supported by HDFC and ITC. However, auto, IT and Tata group stocks remained under pressure.
More than 1,300 new foreign portfolio investors (FPIs) have registered with capital markets regulator Sebi in April-August of 2016-17, showing a sign of their willingness to be part of India's growth story.
The number of FPIs with Sebi approval increased to 5,626 at the end of August from 4,311 in March-end, reflecting an addition of 1,315 such investors, latest data from the Securities and Exchange Board of India (Sebi) showed.
