FIIs turn bullish on India as EM peers see a flight
Financial Express Mumbai|May 18, 2023
14 days see $4-bn inflow in longest run since 2020
SIDDHANT MISHRA
FIIs turn bullish on India as EM peers see a flight

FOREIGN INSTITUTIONAL INVESTORS (FIIs) seem to be regaining confidence in the Indian markets, something that was lacking during the earlier part of this calendar year.

On a net basis, FIIs infused ₹22,585 crore in Indian equities via the stock exchanges in 14 sessions between April 26 and May 16. Including primary market figures, the overall investment was ₹33,714 crore ($4.12 billion), shows data from CDSL. This run is equivalent to another 14-day run last year that saw ₹52,464 crore ($6.6 billion) coming in between July 28 and August 19, 2022.

What makes this impressive is that this is the longest streak of FII inflows in two and a half years - the last being a 19-day streak from November 26 to December 23, 2020 that saw the influx of ₹59,645 crore ($8.1 billion).

FIIs were net buyers to the tune of ₹149.33 crore on Wednesday, as per provisional data on the exchanges (CDSL reports figures with a lag of one day).

Analysts say that in the earlier part of the year, foreign investors were spooked by unfavourable valuations and the turmoil in Adani Group stocks following the Hindenburg report. This led them to be cautious of Indian equities.

Bu hikaye Financial Express Mumbai dergisinin May 18, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Financial Express Mumbai dergisinin May 18, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

FINANCIAL EXPRESS MUMBAI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Financial Express Mumbai

Murdoch ally helps Ambani build media empire in India

SOHEE KIM PR SANJAI

time-read
3 dak  |
April 18, 2024
Financial Express Mumbai

Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?

GOING INTO THE 2022 T20 World Cup in Australia Dinesh Karthik was assigned the finisher role and the batting lineup was built accordingly.

time-read
2 dak  |
April 18, 2024
Financial Express Mumbai

Nestle adds sugar to infant milk and cereal, finds report

A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

India-made Daimler's electric mini truck to hit the road soon

INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.

time-read
2 dak  |
April 18, 2024
Samsung eyes ₹10,000 cr from India TV biz this year
Financial Express Mumbai

Samsung eyes ₹10,000 cr from India TV biz this year

SOUTH KOREAN GIANT Samsung is targeting a turnover of ₹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

Microsoft AI Copilot speed boost for coding

WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

US, China debt pose risks for global public finances: IMF

THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

Language models in consumer tech

This move is designed to ensure better user experience & privacy

time-read
2 dak  |
April 18, 2024
Financial Express Mumbai

'Data centres' energy use doubles every four years'

Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.

time-read
2 dak  |
April 18, 2024
Financial Express Mumbai

Vi FPO: Foreign players invest big; about ₹5,400 crore raised

GQG, Fidelity buy almost 40% of the anchor investor portion

time-read
1 min  |
April 18, 2024