Foreign investors have injected Rs 33,691 crore in domestic equities in this month so far primarily due to interest rate cut in the US and resilience of the Indian market.
This also marks the second highest inflow in a month in this year so far, the last one being in March, when Foreign Portfolio Investors (FPIs) infused Rs 35,100 crore, data with the depositories showed.
Going ahead, the trend of FPIs buying is likely to continue in the coming days, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
According to the data with the depositories, Foreign Portfolio Investors put in a net investment of Rs 33,691 crore into equities this month (till September 20).
This story is from the September 23, 2024 edition of Millennium Post Delhi.
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This story is from the September 23, 2024 edition of Millennium Post Delhi.
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