FPIs pump up to Rs.7605 billion in September
Foreign portfolio investors (FPIs ) continued to shop in the Indian markets until September with a net worth of Rs.7605 billion.
According to the custodian, foreign investors invested rupees 4.385 billion in shares and rupees 3.220 billion in debt between September 1 and 9. During this period, the total net investment amounted to 7.605 billion rupees.Financing for the REIT in September comes after it bought back Rs.16.459 billion in August with a record investment of Rs.1,376.2 billion in the bond market.
Regarding the continued influx of foreign funds into the debt segment, Himanshu Srivastava, Associate Director (Research) of Morningstar India said: "The stability in Indian currency and increasing bond spreads between the US and India made Indian debt better placed on the risk-reward basis, which would have caught investor fancy resulting in rather sudden and high inflows."
However, he added that investing in Indian stocks has been volatile lately. Federal Reserve Chairman Jerome Powell delivered a speech at the Jackson Hole event last week in which he took a wait and see attitude, stressing that the central bank is in no rush to hike rates, which has been the positive response from investors Your risk increases. draw. Investments, noted Srivastava.
"FPIs would have chosen to be part of the ongoing rally in the Indian equity markets rather than missing out on it. However, the scenario was slightly different this week."The uncertainty around the timeline to taper QE (quantitative easing) would have restrained them from going overboard or bring in substantial investments in Indian equities," he added.
Shrikant Chouhan, executive vice president (technical equity research) at Kotak Securities, said FPI flows are expected to remain volatile from September to December 2021 as global investment remains difficult.
Investors focus on supporting growth in developed economies. As a result, they need to focus on emerging markets for diversification, and India cannot be ignored given the growth opportunities for global investors, he said.
Sources:- the money control
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