BSE NSE Portfolio Tracker Login Password Forgot Password New users Click here to register. Foreign fund investments are capped at 49 per cent. The limit on foreign direct investments in Indian companies range from 74-100 per cent depending on the industry. The RBI said companies could raise the limit to their respective sectoral caps by obtaining shareholders' approval at a general meeting. Analysts said this could lead to an increased weightage of India in the MSCI index, which takes into account the free float of a company's shares.
Free float is defined as the percentage of shares that can be owned by foreign funds.
Foreign funds which have a major influence on Indian stockmarkets have turned net sellers this month after eight straight months of net purchases. Copyright 2000 Times Internet Limited. All rights reserved.