FPI buying hits 4-month high; markets poised to rally more
Mint Mumbai|May 01, 2023
Foreign portfolio investors (FPIs) bought Indian shares worth ₹11,631 crore in April, the highest in four months, with sectors like financial services, automobiles, IT and capital goods attracting bulk of the inflows in the first half of the month.
Ram Sahgal
FPI buying hits 4-month high; markets poised to rally more
 

FPI buying helped the 12-stock Bank Nifty index outperform the broader Nifty 50 in April. While Nifty trades 4.55% away from its record high of 18,887.6 points, Bank Nifty trades just 2.2% off its record high of 44,151.8.

The April purchase was the highest for FPIs since their 36,239 crore investment last November, which drove Nifty to a record 18,887.6 on 1 December. Against this, domestic institutional investors (DIIs), including mutual funds invested just 2,217 crore in April.

هذه القصة مأخوذة من طبعة May 01, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 01, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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