Foreign portfolio investors (FPI) have made a net investment of Rs. 5,001 crore (US$ 673.48 million) so far in August 2021 in Indian equities, according to data published by NSDL.
The FPIs have made a revival after a net outflow of Rs. 11,308 crore (US$ 1.5 billion) in July 2021.
With the investments in August 2021, the overall FPI investment in the equities segment in 2021 now totals at Rs. 54,037 crore (US$ 7.27 billion).
During the week which ended on Friday, the Indian stock market scaled reached new landmark, with the BSE Sensex crossing the 56,000 mark.
On Wednesday, Sensex touched an all-time high of 56,118.57 points. Though profit booking and global cues muted the market later in the truncated trading week.
“FPIs have been net buyers in Indian equities in Aug 2021 till date. FPI flows are anticipated to be volatile, given FOMC meeting minutes suggesting increased tapering likelihood.” said Mr. Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.
You may also like
-
Trade Connect E-platform For Exports Is Single Window, Fast, Accessible And Transformational: Shri Piyush Goyal
-
Dot Simplifies Approval Processes For Telecom Licenses And Wireless Equipment
-
Coal Production and Supply Trends on Positive Trajectory
-
Union Minister To Release Booklets On Promotion Of Indigenous Species & Conservation Of States Fishes
-
2nd India-Japan Finance Dialogue held in Tokyo on 6th September, 2024
