ANI
01 Dec 2022, 15:18 GMT+10
New Delhi [India], December 1 (ANI): Foreign portfolio investors (FPIs) have infused funds worth Rs 36,239 crore in Indian stock markets in the month of November and became net buyers again, data from National Securities Depository showed.
In September and October, they were net sellers amid the strong US dollar index, weak rupee, and tightening of monetary policy.
The latest inflow of funds has been supporting Indian stock markets.
Indian stock indices traded sharply higher on Thursday morning and hit their lifetime highs for the fourth straight day. Robust foreign fund inflows into Indian equities, the appreciating Rupee, and hints by the US central bank about the moderating rate of interest hikes supported the investors' sentiment.
According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the current market fundaments are "hugely favourable" for the continuation of foreign fund inflows into India.
Coming back to foreign investors, barring July and August and November when they were net buyers, foreign portfolio investors (FPIs) had been selling equities in the Indian markets for a year, which started in October 2021 for various reasons.
So far in 2022, they sold Rs 132,558 crore worth of stocks in India on a cumulative basis, NSDL data showed. (ANI)
Get a daily dose of International Travel News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Travel News.
More InformationMACAU CITY, Macau: Over the Lunar New Year holiday, Macau, the world's largest gambling hub, witnessed a resurgence of tourists ...
BANGKOK, Thailand: Following China's reopening and the end of its strict COVID-19 restrictions, businesses on Thailand's holiday island of Phuket ...
By Payal MehtaNew Delhi [India], January 30 (ANI): Parliamentary Standing Committee on Transport, Tourism and Culture on Monday will take ...
© Provided by Xinhua WUHAN, Jan. 30 (Xinhua) -- During the seven-day Spring Festival holiday, 120 A-level scenic spots in ...
© Provided by Xinhua Macao sees a 297.0 percent year-on-year growth in visitor arrivals during the Spring Festival holiday, with ...
© Provided by Xinhua CHANGCHUN, Jan. 30 (Xinhua) -- Wang Hongxia is preparing meals for ski lovers from across the ...
BANGKOK, Thailand: Following China's reopening and the end of its strict COVID-19 restrictions, businesses on Thailand's holiday island of Phuket ...
New Delhi [India], January 30 (ANI): Aiming to enhance safety management and for the status of in-flight incidents, Air India ...
By Payal MehtaNew Delhi [India], January 30 (ANI): Parliamentary Standing Committee on Transport, Tourism and Culture on Monday will take ...
© Provided by Xinhua WUHAN, Jan. 30 (Xinhua) -- During the seven-day Spring Festival holiday, 120 A-level scenic spots in ...
Srinagar (Jammu and Kashmir) [India], January 30 (ANI): Heavy snowfall and inclement weather conditions on Monday forced the University of ...
New Delhi [India], January 30 (ANI): An Ahmedabad-bound Vistara flight from Delhi was diverted to Rajasthan's Udaipur due to low ...