Foreign portfolio investors (FPIs) have mainly pure Rs 31,000 crore in Indian stock markets in the last six trading sessions of the current month due to attractive assessment, strengthening of rupee and improvement in large economic indicators.
The National Stock Exchange's Nifty has improved by about six percent due to foreign portfolio investors once again. According to the deployment data, after this latest investment, the withdrawal of FPI has come down to Rs 3,973 crore in the month of March.
Earlier, FPI had withdrawn Rs 34,574 crore from shares in February and Rs 78,027 crore in January. Jiojit Investments' main investment strategist VK Vijaykumar said, moving forward, the trend of FPI flow will depend mainly on the counter -duty of US President Donald Trump, which came into force from April 2. If this fee is not very unfavorable, their investment flow may continue.
According to the data, FPI has withdrawn Rs 3,973 crore from the Indian stock market in March. However, in the last six trading sessions (from March 21 to March 28), he added Rs 30,927 crore to the shares. Vijaykumar said that this change in the strategy of FPI is affected by many factors until the continuous selling. Among them, the assessment of 16 percent correction from September 2024 has become quite attractive. Apart from this, the rupee has recently strengthened and the increase in GDP (GDP), industrial production (IIP) and consumer price index based inflation figures are also giving favorable indications, which is increasing the attraction of FPI towards the Indian market again.
Manoj Purohit, a partner and leader of BDO India (FS Tax, Tax and Regulatory Services), said that the Securities and Exchange Board of India (SEBI) has made some major announcements regarding the FPI community in its meeting of its board of directors, which has made them excited about investment here.
Research Himanshu Srivastava, Associate Director-Manager of Morningstar Investment, said that there are many factors due to which FPI's attitude has changed. He said that the reason for the recent investment of FPI is India's strong performance on the economic front and the trust of investors.
