Foreign institutions make big investment in India in November |
The Indian equity market is back in business as foreign institutional investors and foreign portfolio investors, till the 24th of November, parked a net of 7.5 million dollars in Indian shares, which includes 23 billion dollars of buying and 15.4 billion dollars of sales. The last time heavy foreign funds buying was seen in March 2019, when they had parked a net of 4.4 billion dollars in Indian markets. The current foreign fund inflow into Indian equities is seen as a complete turnaround in just seven months: in March 2020, when the Covid-19 pandemic started to take the steam off economies across the globe, foreign funds had withdrawn a net of a whopping 8.9 billion dollars from the Indian equity market. The current rally in the markets has been backed by surplus global liquidity owing to stimulus packages pushed out by various governments to battle economic woes arising out of the Covid-19 pandemic. Reform measures undertaken by India to revive investment activities in the country have also helped in boosting FII inflow. Additionally, weaker dollar index and absence of quality value play at reasonable valuations in FPIs` home markets have given FPIs to move more allocation to emerging markets and India.
|
|
|
|