FPI Data: Foreign investors’ confidence in Indian market reduced, Rs 4200 crore withdrawn so far in September
[ad_1]
FPI Data: The confidence of foreign investors in the Indian stock market for the last six months has been shaken. Investors are now withdrawing money from the market. According to a report, foreign portfolio investors (FPI) have now become sellers. He has withdrawn Rs 4,200 crore from the stock markets so far in September. Nitasha Shankar, Chief Investment Advisor, Yes Securities (India) Limited, said that the process of withdrawal of foreign portfolio investors may continue in the coming one or two weeks. He said that apart from this, we also need to keep an eye on the sharp fluctuations of the rupee, which may affect the FPI inflows in the future. According to depository data, FPIs have withdrawn a net Rs 4,203 crore from shares this month till September 8. Earlier, FPI investment in Indian shares had fallen to a four-month low of Rs 12,262 crore in August. Earlier, FPIs were continuously buying Indian shares for the last six months from March to August. During this period he had bought shares worth Rs 1.74 lakh crore.
FPI stance changed due to strength of dollar index
VK Vijayakumar, chief investment strategist at Geojit Financial Services, cited rising bond yields in the US as the main reason for the change in trend in September. He said that apart from this, there has been a change in the attitude of FPIs due to the strength of the dollar index. Himanshu Srivastava, Associate Director-Manager Research, Morningstar India, said that the main reason for the withdrawal of foreign portfolio investors has been the uncertainty over the global interest rate scenario, especially in the US, and concerns about global economic growth. He said these concerns stem from broader global economic factors. These include rising crude oil prices and re-emergence of inflation risks. Apart from shares, FPIs have invested Rs 643 crore in the debt or bond market during the period under review. With this, the total investment of FPI in shares so far this year has reached Rs 1.31 lakh crore and in the bond market has reached Rs 28,825 crore.
Market capitalization of BSE listed companies at a new peak of Rs 320.94 lakh crore.
Amid the ongoing boom in the domestic stock markets, the market capitalization of companies listed on BSE increased to a new peak of Rs 320.94 lakh crore on Friday. On the last day of the trading week, BSE Sensex closed at 66,598.91, up 333.35 points or 0.50 percent. Since August 31, the Sensex has risen a total of 1,767.5 points or 2.72 percent. In this bullish environment, the market capitalization of companies listed on BSE reached a new all-time high of Rs 3,20,94,202.12 crore. Amol Athawale, vice-president, technical research, Kotak Securities Ltd, said the major indices once again bucked the trend of weak Asian and European markets and recorded solid gains for the sixth consecutive day. He said that due to lack of opportunities in major economies, investors are betting on India.
,with language input,
[ad_2]
Source link
