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.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
WILL INDIAN HOTELS CO'S BULL RUN CONTINUE?
From budget to luxury properties, the hospitality chain has been adding assets across the board
Consumer watchdog moves to standardize diamond labelling
The CCPA is expected to release the draft guidelines in the coming weeks
Chinese stocks face another volatile year as policy clouds gather at home, abroad
Chinese equities are in for another volatile year as markets weigh the impact of Beijing's seesawing stimulus against the potential threat posed by U.S. trade policy.
Why Big Oil doesn't mind big regulation
Donald Trump has promised to remove Biden-era regulatory barriers to drilling oil and gas, and that has become even easier with Republicans' House majority.
Oil glut set to thwart Trump's call to 'frack, frack, frack'
US President-elect Donald Trump's vows to \"frack, frack, frack\" are about to collide with a global crude glut that's set to, finally, temper record shale production.
Antitrust enforcers prepare a final blitz against Big Tech
The FTC is laying the groundwork to open an investigation into Microsoft's cloud business and other practices
Govt plans minority stake sale in four state-run banks
The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters.
NBCC India seeks to double revenue to ₹25,000 cr: CMD
The govt construction firm will leverage its land bank and take up redevelopment projects
Tata Power, DGPC to jointly develop projects in Bhutan
DGPC is an arm of Druk, a Bhutan govt-owned holding company with investments in energy to financial services
HC summons OpenAI in ANI copyright infringement plea
Agency says ChatGPT owner does not have the right to exploit or create copies of its content
