FPI infused Rs 19,203 crore in Indian capital markets
FPI infused Rs 19,203 crore in Indian capital markets
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Foreign portfolio investors (FPIs) have invested Rs 19,203 crore in the domestic capital markets in the first 15 days of November. Foreign investors have increased attraction towards Indian markets and infused a net worth of Rs 14,435.6 crore into the shares from November 1 to 15. Net investment in the debt or bond market during this period was Rs 4,767.18 crore. Thus, total net investment stood at Rs 19,202.7 crore.

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In October, FPI invested a net worth of Rs 16,464.6 crore in the Indian markets, although in September it invested Rs 6,557.8 crore. Himanshu Srivastava, senior research manager at Morningstar Investment Advisor, said, "The continued flow of FPIs made it clear that Indian stock markets had increased the confidence of foreign investors. They made withdrawals in July and August."

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He further said that measures like withdrawal of surcharge on super-rich, Merger of public sector banks and infusion of capital, relief for vehicle revival and rationalization of company tax rates are making foreign investors investing in Indian markets. Arun Mantri, technical and derivatives analyst at Karvy Stock Broking said," The FPI inflow has increased due to the expectation of a trade agreement between the US and China on the global front."

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