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FPIs pump in Rs 19,203 crore in Indian markets in November so far amid positive domestic and global cues

Overseas investors infused a net amount of Rs 14,435.6 crore into equities and ?4,767.18 crore into the debt segment during November 1-15, taking the total net investment to Rs 19,202.7 crore

twitter-logo PTI        Last Updated: November 17, 2019  | 12:05 IST
FPIs pump in Rs 19,203 crore in Indian markets in November so far amid positive domestic and global cues
FPIs had poured a net Rs 16,464.6 crore in October and Rs 6,557.8 crore in September into the domestic capital markets

Foreign portfolio investors (FPIs) pumped in a net sum of Rs 19,203 crore into the domestic capital markets in the first half of November amid encouraging domestic and global factors.

According to the latest depositories data, overseas investors infused a net amount of Rs 14,435.6 crore into equities and Rs 4,767.18 crore into the debt segment during November 1-15, taking the total net investment to Rs 19,202.7 crore.

Also Read: FPIs net buyers in Oct; pump in over Rs 3,800 crore in Indian markets

Prior to this, FPIs had poured a net Rs 16,464.6 crore in October and Rs 6,557.8 crore in September into the domestic capital markets (both equity and debt).

"The consistent flows depict that FPIs are fast gaining confidence in the Indian equity markets, after they made harried exit in the months of July and August, due to measures such as rollback of super-rich surcharge, merger and recapitalisation of PSU banks, relief measures for the revival of automobile sector, rationalisation of corporate tax rates among others," said Himanshu Srivastava, senior analyst manager research at Morningstar Investment Adviser India.

On the global front, the major factor contributing towards FPI inflows is expectation of a trade deal between the US and China, said Arun Mantri, technical and derivative analyst at Karvy Stock Broking. However, at the current juncture, further FPI flows will mostly depend on both the global and domestic headwinds and how the government tackles the ongoing slowdown in the Indian economy, Mantri added.

Also Read: Overseas investors infuse over Rs 12,000 crore in first week of November

Also Read:FPIs infuse Rs 5,072 crore in October amid govt efforts to boost demand

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