FPI in July: Foreign portfolio investors have started buying again in the Indian market. In July, FPIs have so far invested about Rs 5000 crore in the market.
Selling halted after nine months.
After selling for nine consecutive months foreign portfolio investors ,Foreign Portfolio Investors) Indian stock markets have returned. In July, FPIs have invested about Rs 5000 crore in the stock markets. After the softening of the dollar index and better quarterly results of companies, FPIs have once again become a buyer. Earlier in June, FPIs had withdrawn Rs 50145 crore from shares. This is the highest withdrawal in a single month after March 2020. At that time, FPIs had withdrawn Rs 61,973 crore from the Indian stock markets.
Hitesh Jain, Principal Analyst-Institutional Equities, Yes Securities believes that FPI inflows will remain positive in August as well. The reason for this is that the worst time of the rupee has passed and crude oil prices are also trading in a range. Apart from this, the quarterly results of Indian companies have also been better.
4989 crores invested
According to depository data, in July, FPIs invested a net Rs 4989 crore in the Indian stock markets. He was a pure buyer for nine days during the month. Earlier, for the last nine consecutive months, FPIs were sellers. From October last year to June this year, he has withdrawn Rs 2.46 lakh crore from the Indian stock markets.
Will have to wait for the future trend of FPI
Himanshu Srivastava, Associate Director-Manager Research, Morningstar India said, “The reason for the FPI inflow in July is the statement of Federal Reserve Chairman Jerome Powell. Powell said that America is not in recession yet. The sentiment has improved after Powell’s statement and investors globally are now ready to take the risk. However, in July, FPIs pulled out Rs 2,056 crore from the debt or bond market. Srivastava believes that it will take some time to predict what will be the attitude of FPIs going forward.
Sensex jumped about 1500 points
current weekShare Market,Share market updates) was great. BSE’s 30-share Sensex was up 1498 points or 2.67 per cent. The market cap of BSE listed companies increased to 266.58 lakh crores. Last week this market cap was Rs 261.08 crore. In this way, a total jump of Rs 5.5 lakh crore was registered in the wealth of the investors. The market cap of only eight of the top 10 Sensex companies collectively increased by Rs 191622.95 crore last week. The top gainers were Bajaj Finance and Tata Consultancy Services (TCS).