FPI invested more than Rs 2,741 crore in first five trading session of March In India

Reader's Pick

Overseas investors have pumped in a net Rs 2,741 crore into the Indian capital markets in the first five trading sessions of March, mainly due to positive market sentiment.

As per analysts, the positive change is triggered by domestic as well as global factors and the trend is likely to continue for some time.

In February, foreign portfolio investors (FPIs) had invested a net amount of Rs 11,182 crore in the capital markets (both equity and debt).

- Advertisement -

According to depositories data, FPIs put in a net amount of Rs 5,621 crore in equities during March 1-8. However, they pulled out a net sum of Rs 2,880 crore from the debt markets, leading to an overall investment of Rs 2,741 crore in the capital markets.

Stock markets were closed on March 4 on account of Mahashivratri.

“The inflows in equity can be attributed to the confidence investors are building towards positive outcome of upcoming election, in the light of recent cross border events. In addition, recently the Reserve Bank of India lifted the cap on FPI investment in corporate bonds.

“Earlier, FPIs could only invest upto 20 per cent in corporate bonds. This should also open doors for more inflows once the political conditions are stable,” chief operating officer at Groww Harsh Jain said.

On the global front, Fed’s statement that the rate hikes are on hold is a major change in stance of the world’s largest central bank and triggered inflows in the Indian capital markets, chief investment strategist at Geojit Financial Services, V K Vijayakumar said.

- Advertisement -

He further noted that the change in Fed’s stance has the potential to change the course of capital flows towards risky assets like equity. Also, India is likely to attract continuing capital flows for the rest of the year, he said.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Bank of Japan keeps monetary policy steady, brings new forward guidance on rates

The Bank of Japan kept its monetary policy steady on Thursday but introduced new...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sought...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($239 billion) with...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the first time ever for...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rahul Gandhi...

CASHe launches WhatsApp-based instant credit line services

India-based credit-led Ai-driven fintech platform, CASHe has announced the launch of Ai-powered chat capability...

Yandex launches AR short video App ‘Sloy,’ for fashion and lifestyle bloggers and brands

In an attempt to engage the local audience and bloggers, Russian search engine giant...

Budget 2022-23: Banking, NEO Bank & NBFC Sector Expectations

Banking, Neo Bank & NBFCs sector expectations from Budget 2022: As Union Finance Minister...

Intugine scores ₹19 Cr in pre-Series A round funding led by Mela Ventures

India settled real-time multimodal supply chain visibility startup, Intugine has raised Rs 19 crore...

The AP Playbook for Building Solid Supplier Relationships

Accounts Payable (AP) departments can play a crucial role in forging strategic alignment between...

How to choose top payout casinos online

Each casino sets its conditions for the withdrawal of winnings. However, all gambling clubs...

4 Top Challenges in a Small Business

Running a small business is not easy. You will face many challenges along the...

Adtech startup ExperientalEtc raises $200K from StartupLanes

Mumbai-based Adtech startup, ExperientalEtc has raised $200K in series seed round funding led by...

Ampere Electric to setup e-mobility manufacturing plant in Tamil Nadu

Electric Mobility Company Ampere Electric has announced a phased investment potential of Rs 700...