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Language , Updated: Aug 7, 2022, 10:31 AM
New Delhi, Aug 7 (PTI) Foreign investors continued their positive outlook on Indian equities amid softening dollar index. He invested over Rs 14,000 crore in the first week of August. Earlier in July also, foreign investors were net buyers. Foreign portfolio investors (FPIs) made a net investment of around Rs 5,000 crore in July, according to depository data. Thus, in the first week of April, the total investment of FPIs was more than the entire investment in the month of July. FPIs net buying in July after nine consecutive months of huge net outflows
Earlier in July also, foreign investors were net buyers. Foreign portfolio investors (FPIs) made a net investment of around Rs 5,000 crore in July, according to depository data. Thus, in the first week of April, the total investment of FPIs was more than the entire investment in the month of July.
FPIs made net purchases in July after nine consecutive months of heavy net outflows. Prior to this, he had been a consistent 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.
The market witnessed a strong rally recently due to the change in FPI strategy.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “The dollar index has now fallen to 106 from last month’s high of 109, which is a major driver of FPI inflows. This trend may continue.”
FPIs are investing in sectors like capital goods, FMCG, construction and power.
In addition, FPIs made a net investment of Rs 230 crore in the debt market during the period under review.
Source: navbharattimes.indiatimes.com
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