Foreign investors have continued their positive outlook on Indian equities. He has invested more than Rs 14,000 crore in the first week of August.
Foreign investors have continued their positive outlook on Indian equities.
Foreign investors continued their positive outlook on Indian equities amid softening dollar index. He made over Rs 14,000 crore in the first week of August. Investment has done. Earlier in July also, foreign investors were net buyers. According to depository data, foreign portfolio investors (FPIs) made a net investment of around Rs 5,000 crore in July. In this way, the total investment of FPIs in the first week of April has been more than the entire investment in the month of July.
Withdrawal was for nine consecutive months
FPIs made net purchases in July after nine consecutive months of huge net outflows. Prior to this, he had been a continuous net sell since October last year. Between October 2021 and June 2022, he sold a whopping Rs 2.46 lakh crore in the Indian equity markets.
Hitesh Jain, principal analyst, institutional equities, Yes Securities, said FPI inflows are expected to be positive during August, as the worst-case scenario for the rupee is over and crude is also in a narrow range. Due to the change in FPI strategy, there has been a strong rally in the market recently.
What was the reason given by the expert?
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the dollar index has now fallen to 106 from a high of 109 last month, which is a major factor for FPI inflows. He said this trend may continue. FPIs are investing in sectors like capital goods, FMCG, construction and power.
In addition, FPIs have made a net investment of Rs 230 crore in the debt market during the period under review.
Apart from this, let us tell you that the market capitalization (market cap) of eight of the top 10 companies of the Sensex have collectively increased by Rs 1,91,622.95 crore last week. Bajaj Finance and Tata Consultancy Services (TCS) have been the biggest gainers. Last week, the 30-share BSE Sensex has gained 1,498.02 points or 2.67 per cent. Among the Sensex companies, the market capitalization of Bajaj Finance has increased by Rs 57,673.19 crore to Rs 4,36,447.88 crore.
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