Mumbai: Foreign portfolio investors (FPIs) have invested over Rs 57,300 crore into the Indian equity markets this month so far owing. The political stability in the country, robust economic growth, and a steady decline in the US bond yields influenced FPIs.
According to the data, FPIs made a net investment of Rs 57,313 crore in Indian equities in this month (till December 22). This was the highest monthly inflow by them in a year. With this, total investment by FPIs surpassed Rs 1.62 lakh crore this year. This came following a net investment of Rs 9,000 crore in October. Before this overseas investors withdrew 39,300 crore in August and September.
Also Read: Market valuation of 3 of 10 most valued companies surge Rs 70,312.7 crore
The debt market attracted Rs 15,545 crore during this period. This came after receiving an inflow of Rs 14,860 crore in November and Rs Rs 6,381 crore in October.
FPIs were big buyers in financial services and also showed interest in sectors like autos, capital goods, and telecom.
Post Your Comments