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Foreign investor confidence returned to India, investment of Rs 12,000 crore in a week

Sagar Patel

By Sagar Patel

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In the last week, foreign investors have poured a lot of money into the Indian stock market.

Over the past few months, foreign portfolio investors’ confidence in the Indian stock market seemed to be waning, but in the last week it was seen to have been restored again. The proof of this is that foreign investors have invested around Rs 12,000 crore in the last week. While the previous week, investors had withdrawn around Rs 15,000 crore. In fact, due to the NDA government in the country and the news of low inflation in the United States, there has been a rise in the confidence of foreign investors. This is the reason why the Indian stock market surpassed the record level of 77 thousand points last week. We also tell you how much money foreign investors invested and what type of trend is observed in the month of June.

He invested so much money in the stock market.

Amid a positive trend in domestic and global markets, foreign portfolio investors (FPIs) have invested Rs 11,730 crore (US$1.4 billion) in Indian stock markets in the week ended 14 June. Earlier, during the week of June 3-7, FPIs had withdrawn a net amount of Rs 14,794 crore ($1.77 billion) of shares. After the latest investment, FPI’s net withdrawal from the stock so far this month has been Rs 3,064 crore.

Earlier in May, FPIs had withdrawn Rs 25,586 crore of shares ahead of the election results. In April, it had withdrawn more than Rs 8,700 crore due to concerns over changes to India’s tax treaty with Mauritius and the continued rise in bond yields in the United States. FPIs had made a net investment of Rs 35,098 crore in stocks in March and Rs 1,539 crore in February, while they had withdrawn Rs 25,743 crore in January.

This month till June 14, FPIs have invested Rs 5,700 crore in the debt or bond market. Overall, so far this year, FPIs have withdrawn a net amount of Rs 26,428 crore shares. During this period, it has invested Rs 59,373 crore in the bond market.

What do the experts say?

VK Vijayakumar, chief investment strategist at Geojit Financial Services, said that after fluctuations in the first week of June, stability has returned to the market. Himanshu Srivastava, associate director and research manager at Morningstar Investment Research India, said the government is relying on allies this time, but with the National Democratic Alliance (NDA) coming to power for the third consecutive time, political reforms and economic growth. to continue. It is done. He said that in addition to this, on the global front, the lower-than-expected inflation figures in the United States have also raised expectations of a rate cut this year.

(with language input)

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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