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New Delhi: Foreign portfolio investors (FPIs) have poured Rs 1,210 crore into the Indian markets in the first five trading sessions of August. According to depository data, during August 2-6, FPIs have invested Rs 975 crore in equities. His investment in the loan or bond market has been Rs 235 crore. In this way his net investment has been Rs 1,210 crore. In July, FPIs had withdrawn Rs 7,273 crore.
Shrikant Chauhan, Executive Vice President, Equity Technical Research, Kotak Securities said, “The market is buoyed by several domestic indicators such as improvement in PMI, reduction in unemployment rate in CMIE survey and improvement in GST collections. However, there is concern in the global markets regarding the third wave of the epidemic.
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Himanshu Srivastava, associate director-manager research, Morningstar India, said these figures do not indicate any change in stance as of now. Srivastava said, “FPIs are staying away from Indian stocks due to high valuations, rise in oil prices, strong dollar. The market is at its all-time high. In such a situation, FPIs are also reaping profits at regular intervals.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “With the return of FPIs, there has been an increase in demand for stocks of large companies.”
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