FPIs pump in Rs 19,712 crore in Indian markets in November so far
Foreign portfolio investors (FPI) were net buyers in the Indian markets at Rs 19,712 crore in November so far.
Foreign portfolio investors (FPI) were net buyers in the Indian markets at Rs 19,712 crore in November so far.
As per depositories' data, they invested Rs 14,051 crore into equities and Rs 5,661 crore in debt segment between November 1-18.
This translated into total net investment of Rs 19,712 crore during the period under review.
In October, FPIs remained net sellers at Rs 12,437 crore.
See Zee Business Live TV Streaming Below:
"From long-term perspective, India continues to be an important and competitive investment destination. Despite intermittent and short-term challenges, India offers a good growth opportunity," said Himanshu Srivastava, associate director (manager research) at Morningstar India.
He further said that the net flows this week cannot be construed as a change in trend as the uncertainties on the global and domestic front persists.
"This could be a tactical allocation by FPIs, and one needs to watch the flow trends in the coming weeks to better access their investment pattern," he said.
For the first half of November FPIs have been sellers in banking and even in performing sectors like IT, noted V K Vijayakumar, chief investment strategist at Geojit Financial Services.
He further added that most foreign brokerages have a sell call on India on concerns of stretched valuations.
Going forward, an anticipated higher quantum of tapering by the US Federal Reserve may lead to emerging markets including India receiving reduced foreign investments, said Shrikant Chouhan, head (equity research-retail) at Kotak Securities.
The only positive part is falling crude prices, he added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
06:42 PM IST