FII inflows foreign investors into India, FII pours 23,000 rs in seven sessions

FII inflows foreign investors into India, FII pours 23,000 rs in seven sessions

Business

With the opening of the lockdown, the confidence of investors in the Indian market is returning. India’s position was good in terms of investment in emerging markets. But due to the lockdown to control the corona virus infection, the economic activities that hurt the investors started to get away from it. But now the investors have returned very fast. The proof of this is a fresh investment of 23,000 crores in the Indian market by foreign institutional investors. Foreign funds have bought shares worth Rs 23 thousand crore in the last seven trading sessions of the stock market. Whereas in March they had withdrawn Rs 58,600 crore. 4,100 crore was withdrawn in April.

Foreign portfolio investor i.e. FPI had invested Rs 18,589 crore in the first week of June. According to experts, Reliance’s right issue was closed recently and it received a strong subscription. Apart from this, Uday Kotak, MD of Kotak Mahindra Bank, also sold his 2.8 percent stake in the bank. Fund of foreign investors also came in this.
Experts say that instead of buying more, foreign portfolio managers are buying shares of select companies in which growth is still low but will see faster pace as economic activity intensifies.

Earlier, foreign investors were continuously withdrawing money from the market. He had withdrawn Rs 1.1 lakh crore in March, while in April he had withdrawn Rs 15,403 crore. In May, Rs 7,366 crore was withdrawn. But the situation changed completely in June. In the first week, he invested Rs 18,589 crore. In fact, with the relief package of Rs 20 lakh crore from the government and steps taken by the RBI to improve the liquidity, the confidence of investors in the market has increased. This has increased the confidence in them to take risks. Due to gradual economic activity around the world, foreign investors are now looking for a better market in the hope of increasing their returns.

Jason Amato

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