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.
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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.
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