New Delhi: Amid the ongoing recession in the country, there are reports of massive money withdrawals from the market. Due to the poor state of the economy, foreign investors are reluctant to come to India. Meanwhile, according to the data, the Foreign Portfolio Investor (FPI) invested Rs 1,841 crore in the capital markets in the first fortnight of September. Prior to this, FPIs were net sellers for two consecutive months. According to economic experts, the trade war between the US and China has been accompanied by softening and favorable macroeconomic figures.
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According to the depository data, FPIs pulled out Rs 2,031.02 crore from the stock markets between September 3 and 14, while on the other hand, Rs 3,872.19 crore was invested in bonds. In this way, he invested Rs 1,841.17 crore net. Earlier, FPIs made a net withdrawal of Rs 5,920.02 crore in August and Rs 2,985.88 crore from the stock and bond markets in July.
Harsh Jain, chief operating officer of market analyst firm Gro, said, "The trade war between the US-China has softened slightly and had a positive impact on the market. Apart from this, the IIP of July was 4.3 percent, which probably boosted investor sentiment. Many experts have said that India should take advantage of the ongoing trade tensions between the US and China.
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