Stock Market: After becoming net buyers last month, foreign investors have shown tremendous enthusiasm for the Indian stock markets in August as well. Foreign portfolio investors (FPIs) have invested around Rs 44,500 crore so far in August. His confidence in the Indian markets increased amidst lower inflation in the US and a fall in the dollar index.
After 9 months of continuous selling, FPIs became buyers in August
According to depository data, FPIs made a net investment of about Rs 5,000 crore in the month of July. FPIs sold massively for nine consecutive months, after which they became net buyers for the first time in July. Earlier, between October 2021 and June 2022, he had made huge sales of Rs 2.46 lakh crore in the Indian equity markets.
what the experts say
Kotak Securities Head – Equity Research (Retail) Shrikant Chauhan said that FPI inflows will remain volatile in the coming months, however, due to rising inflation, tightening of monetary policy and easing concerns about quarterly results, arrivals in emerging markets are better. is expected to be. VK Vijayakumar, chief investment strategist, Geojit Financial Services, said capital inflows in the near term will be mainly influenced by dollar movement.
August numbers encouraging
According to depository data, FPIs have made a net investment of Rs 44,481 crore in Indian equities during August 1-19. This is his highest investment so far in the current year.
read this also
Vande Bharat: UP will get the gift of new Vande Bharat train from Railways, soon the train will run from Gorakhpur to Lucknow, know the schedule
Air India: Air India started more flights to connect major metro cities of the country, know the route and other things