Foreign investors poured about Rs 8,000 crore into Indian shares in the first four trading sessions of June, as risk-on mood improved on the back of fast declining new Covid cases and good corporate profits.
The influx follows a net withdrawal of Rs 2,954 crore in May and Rs 9,659 crore in April, according to depositories’ statistics.
According to Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, an improvement in the country’s coronavirus situation and a pick-up in the vaccination effort may attract more FPI investments in trading in the future.
According to the statistics, foreign portfolio investors (FPIs) invested a total of Rs 7,968 crore in the Indian equities market between June 1 and June 4.
Prior to the outflow in April, FPIs had been pumping money into stocks since October. From October 2020 to March 2021, they invested more than Rs 1.97 lakh crore in shares. In the first three months of this year, this comprised a net investment of Rs 55,741 crore.
According to Divam Sharma, co-founder of Green Portfolio, most of the listed companies’ fourth-quarter results continue to surprise international investors on the positive side.
Furthermore, there is a lot of hope, with worldwide major economies opening up, exports increasing, and vaccination being promoted all over the world, he noted.
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Hello, my name is Anuj Boruah. I am quite interested in writing about current events in business, finance, and the economy. I work as a newswriter at Reviewminute.