9

FPIs invest Rs 8,000 cr in Indian mkts


https://www.climbstreet.com

Foreign investors have infused on the brink of Rs 8,000 crore into Indian equities within the first four trading sessions of June as risk-on sentiment improved amid rapidly falling new Covid cases and robust corporate earnings. The inflow comes following a net withdrawal of Rs 2,954 crore in May and Rs 9,659 crore in April, data with depositories showed.
Going ahead, improvement within the scenario on the coronavirus front within the country and pick-up within the vaccination drive may attract higher FPIs investments, Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, said. consistent with the info, foreign portfolio investors (FPIs) put during a net sum of Rs 7,968 crore within the Indian equity market during June 1-4.

Prior to April’s outflow, FPIs had been infusing money in equities since October. They invested over Rs 1.97 lakh crore in equities from October 2020 to March 2021. This included a net investment of Rs 55,741 crore within the first three months of this year.

Read »
Created by Climbstreet 1 week 1 day ago – Made popular 1 week 23 hours ago
Category: News   Tags:

Reliable. Secure. Since 2012. Sign up to get a trading fee discount!