The significant shift can largely be attributed to concerns over the valuation of Indian stocks, below-expected domestic GDP growth in the second quarter of fiscal 2025, weak corporate earnings and higher US bond yields.
According to the National Securities Depository Limited (NSDL) data, FPIs injected ₹1,656 crore on a net basis into the Indian equity market this year (until December 27).
Foreign investors were majorly selling in the stock market while buying in the primary market.
In contrast to equities, FPIs net bought ₹1.12 lakh crore of domestic debt in 2024, up from ₹68,663 crore in 2023.
This story is from the December 30, 2024 edition of Financial Express Pune.
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This story is from the December 30, 2024 edition of Financial Express Pune.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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emissary he had deployed. Although sceptical, I bounded off to North Block and was ushered in. It was my first official meeting with the FM. I conveyed the request, not a direction, of the prime minister. Dr Singh was puzzled — I could see that on his face — by the message or, perhaps, the messenger. He listened politely and told me that the second step had already been taken within minutes of the markets opening at 10 am.
