FPI put Rs 38,000 crore into shares so far in March
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New Delhi. Foreign portfolio investors (FPIs) have infused more than Rs 38,000 crore into Indian stock markets so far this month. Amidst the improving global economic outlook and strong macroeconomic scenario on the domestic front, FPIs are investing in Indian stock markets. According to depository data, earlier in February, FPIs had infused Rs 1,539 crore into shares. In January, he had sold shares worth Rs 25,743 crore. Overall, so far this year, FPIs have invested Rs 13,893 crore in the Indian stock market. During this period he has invested Rs 55,480 crore in the debt or bond market.
“FPIs are making significant purchases in March,” said Himanshu Srivastava, associate director, manager research, Morningstar Investment Research India. Due to improvement in global economic front and positive macroeconomic outlook of India, FPIs are moving towards high growth markets like India. Apart from this, the recent ‘correction’ in the market has also given them an opportunity to invest. However, last week FPIs were net sellers and sold shares worth $314 million. The reason for this is that he adopted a cautious attitude.
Apart from shares, FPIs have invested Rs 13,223 crore in the debt or bond market this month till March 22. Talking about the debt or bond market, Bloomberg has announced the inclusion of Indian bonds in the Emerging Market (EM) Local Currency Government Index from January 31 next year. Due to this, FPIs are investing money in the bond market. Earlier, they had put Rs 22,419 crore in the bond market in February, Rs 19,836 crore in January and Rs 18,302 crore in December.
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