Left Menu
Development News Edition

FPIs remain positive on Indian markets; put in massive Rs 35,109 cr in Nov so far

Foreign portfolio investors (FPIs) have invested a massive Rs 35,109 crore in Indian markets in November so far as corporate earnings and reforms measures undertaken by the government to revive investment activities kept the investors' sentiment upbeat.

PTI | New Delhi | Updated: 15-11-2020 11:58 IST | Created: 15-11-2020 11:58 IST
FPIs remain positive on Indian markets; put in massive Rs 35,109 cr in Nov so far

Foreign portfolio investors (FPIs) have invested a massive Rs 35,109 crore in Indian markets in November so far as corporate earnings and reforms measures undertaken by the government to revive investment activities kept the investors' sentiment upbeat. According to the depositories data, FPIs invested a net sum of Rs 29,436 crore into equities and Rs 5,673 crore into debt segment between November 2-13.

During the period under review, a net amount of Rs 35,109 crore was pumped by overseas investors in Indian markets. FPIs had invested a net sum of Rs 22,033 crore in the preceding month.

Citing reasons for investment in November, Arjun Yash Mahajan, head-institutional business, Reliance Securities said, "Indian markets continue to outperform and have continued to offer FPIs better risk reward propositions in terms of corporate earnings recovery and reform measures undertaken by the government to revive investment activities in the country." Additionally, weaker dollar index and absence of quality value play at reasonable valuations in FPIs' home markets have further given them reason to move allocation to emerging markets like India, Mahajan added. Going forward, FPIs are expected to remain optimistic on Indian markets, market experts said.

They are advised to bet on sectors which are resilient from prolonged economic downturn, said Mahajan. "Agriculture in form of auto exposure, pharma, IT, select private banks are attractive sectors to continue to keep on the radar," he further said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

China: A savior for emerging markets or a poison pill?

... ...

Future of Urban Planning: Artificial Intelligence guiding the way

Advances in emerging technologies like Artificial Intelligence and Machine Learning can help us understand our cities better and derive useful insights from real-time data collected through automated models....

Videos

Latest News

Palestinians announce first elections in 15 years, on eve of Biden era

Palestinian President Mahmoud Abbas announced parliamentary and presidential elections on Friday, the first in 15 years, in an effort to heal long-standing internal divisions.The move is widely seen as a response to criticism of the democra...

UK's Johnson takes stand against 'cruel' Japanese whaling - The Telegraph

British Prime Minister Boris Johnson is taking a stand against cruel Japanese whaling, The Telegraph newspaper said on Friday, after a minke whale became caught in fishing nets for 19 days before being killed by fishermen this week, Drone f...

FBI: Florida man plotted attack on pro-Trump protesters

A Florida man has been arrested and charged with trying to organise an armed response to pro-President Donald Trump protesters expected at the state Capitol on Sunday, the US Attorneys Office announced.Daniel Baker of Tallahassee was using ...

U.S. closing landmarks, announces vehicle checks in Washington for inauguration

The nations capital on Friday continued to boost security by shutting down access to iconic landmarks and erecting vehicle checkpoints at a security perimeter surrounding central Washington ahead of President-Elect Joe Bidens inauguration o...

Give Feedback