Business News | Foreign Investors Infuse Rs 15,420 Cr in Indian Markets This Week
Get latest articles and stories on Business at LatestLY. The foreign portfolio investors have infused Rs 15,420 crore so far this week in the Indian equity market, according to the data by National Securities Depository.
New Delhi [India], July 20 (ANI): The foreign portfolio investors have infused Rs 15,420 crore so far this week in the Indian equity market, according to the data by National Securities Depository.
The net investment by the foreign portfolio investors (FPI) surged to Rs 30,772 crore so far in July indicating the good buying by the foreign investors in the Indian markets.
The foreign investors have so far bought equities worth of Rs 1,30,138 crore this year.
"FPI flows are expected to remain volatile, this week the markets were strong, led by strong earnings and commentary from the large-cap. This week the markets of India, Brazil, Indonesia, Malaysia, Philippines, and South Korea witnessed inflows, while the markets of Taiwan, Thailand and Vietnam witnessed outflows" said Shrikant Chouhan, Head of Equity Research, Kotak Securities.
Internationally the foreign investors this week have injected around USD 585 mn in Brazil, USD 300 mn in Indonesia, USD 324 mn in Malaysia and USD 2085 million in South Korea. While Taiwan witnessed an outflow of USD 5325 mn, Vietnam witnessed a selling of USD 278 mn of foreign investment this week.
According to market experts, foreign investors are investing in Indian markets amid a weakening in dollar and bond yields, and if this trend continues foreign investment will continue.
"During the fortnight ending 15th July FPIs were buyers in autos, capital goods, healthcare, IT, telecom, and oil and gas. A notable trend was the lack of buying in financial services, which partly explains the poor performance of financial services in July so far. If the recent trend of weakness in dollar and bond yields persists, FPIs are likely to continue their buying in the market," said V K Vijayakumar, Chief Investment Strategist, at Geojit Financial Services.
Foreign Institutional investors were sellers in January, April, and May, cumulatively selling equities worth around Rs 60,000 crores. However, they were buyers in February, March, and June, with cumulative purchases amounting to Rs 63,200 crores. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)