New Delhi: Foreign portfolio investors (FPIs) infused Rs 7,962 crore in equity this month (till July 5) while their debt investments in the same period stood at Rs 6,304 crore, market watchers said on Saturday, citing the NSDL data.
This year, FPIs have invested Rs 11,162 crore in equity till now while the FPI investment in debt for the same period stands at a massive Rs 74,928 crore.
The inclusion of Indian government bonds in the JP Morgan Emerging Markets (EM) Government Bond Index and the front-running by investors have contributed to this divergence in equity and debt inflows, according to market experts.
Milind Muchhala, Executive Director, Julius Baer India, said India remains an attractive investment destination amid a healthy economic and earnings growth momentum, and the FPIs cannot afford to ignore the markets for too long.
“In the event of a global risk-on environment, triggered by increasing expectations of rate cuts, it could lead to increasing flows to EM equities, with India expected to emerge as one of the bigger beneficiaries of the flows,” he added.
In the fortnight ending June 30, FPIs bought heavily in telecom and financial services.
They were also buyers in autos, capital goods, healthcare and IT.
Selling was seen in metals, mining and power which had run up, too, fast in recent months.
Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS.
You may also like
Complaint Against Actor Nagarjuna Over Alleged Financial Mismanagement In His N Convention Centre
ED conducts searches at 44 locations across nine states in Pearl Agro Corporation Limited case
Junior Doctors, Protesting RG Kar Horror, Begin Fast unto Death Ahead Of Durga Puja
One dead, two injured in explosion in animal fat processing unit in Kochi