FPIs net buyers in March first half; pump in Rs 20,400 cr

| | New Delhi
  • 0

FPIs net buyers in March first half; pump in Rs 20,400 cr

Sunday, 17 March 2019 | PTI | New Delhi

Overseas investors poured in more than Rs 20,400 crore in the domestic capital market in the first half of March, mainly driven by positive global cues.

The expectation of a positive outcome from the US-China trade agreement along with US Fed's decision to put rate hike on hold, have worked in favour of entire emerging market segment, analysts said.

In February as well, foreign portfolio investors (FPIs) were net buyers as they had invested a net amount of Rs 11,182 crore in the capital markets both in equity as well as debt segment.

As per the latest data available with depositories, net inflow in the equities stood at Rs 17,919 crore, while the debt market saw an infusion of Rs 2,499 crore on a net basis, during March 1-15, period.

Together, it translates into a net investment of Rs 20,418 crore in the country's capital markets for the period under review.

"With the expectation on US interest rate hike declining, there has been increased flow into emerging markets. Locally, since February, there is a clear trend of FPIs buying beaten down segments such as banking and finance stocks...," Vidya Bala, Head - Mutual Funds Research at FundsIndia said.

Himanshu Srivastava, senior analyst manager research at Morningstar Investment Adviser India, said it was a welcome change in FPI trend.

However, some of the domestic concerns such as slow pace of economic growth and political uncertainty may come to the fore as the general election approaches in India, he added.

 

State Editions

Kranti Surya Gourav Kalash Yatra launched

28 November 2021 | Staff Reporter | Bhopal

Rajput Karni Sena barges in State BJP headquarters

28 November 2021 | Staff Reporter | Bhopal

Award ceremony in memory of DKMMM office bearers held

28 November 2021 | Staff Reporter | Bhopal

Madhya Pradesh Pavilion bags bronze at India Int’l Trade Fair

28 November 2021 | Staff Reporter | Bhopal

Pickpockets steal Rs 46K in city bus in Bhopal

28 November 2021 | Staff Reporter | Bhopal

Sunday Edition

Time to awaken Corporate Social Consciousness?

28 November 2021 | Priya Nair Rajeev / Simy Joy | Agenda

Exquisite prose poetry

28 November 2021 | Swati Pal | Agenda

From uncertainty to probabilities

28 November 2021 | Pradeep | Agenda

New arrivals

28 November 2021 | Pioneer | Agenda

Astroturf : Choice sets premise of destiny

28 November 2021 | Bharat Bhushan Padmadeo | Agenda

Talktime : ‘I want to be part of cinema & not just project making'

28 November 2021 | Shalini Saksena | Sunday Pioneer