Advertisement
Monday, Jan 24, 2022
Outlook.com
Outlook.com

FPIs Invests Rs 5,319 Crore In Nov Despite Massive Correct In Stock Market

As per depositories data, overseas investors put in a net Rs 1,400 crore into equities and Rs 3,919 crore into the debt segment between November 1-26. This translated into a total net investment of Rs 5,319 crore.

FPIs Invests Rs 5,319 Crore In Nov Despite Massive Correct In Stock Market
FPIs Invests Rs 5,319 Crore In Nov Despite Massive Correct In Stock Market
outlookindia.com
2021-11-28T14:51:33+05:30

Foreign portfolio investors (FPI) have pumped in a net sum of Rs 5,319 crore in Indian capital markets despite a massive correction seen in equities over the last fortnight.

In October, they were net sellers to the tune of Rs 12,437 crore.

As per depositories data, overseas investors put in a net Rs 1,400 crore into equities and Rs 3,919 crore into the debt segment between November 1-26.

This translated into total net investment of Rs 5,319 crore.

"Since FPIs have been holding large quantity of banking stocks, they have been major sellers in this segment. Sustained selling has made banking stocks attractive from the valuation perspective," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

He further noted that sharp correction in the market on 26th November has been mainly triggered by concerns arising out of the new strain of the virus spotted in South Africa, Botswana and Hong Kong. 

"Despite recent correction, the markets continue to be at elevated levels and hence FPIs would have booked profits," said Himanshu Srivastava, Associate Director - Manager Research, Morningstar India.

Trend reversal on a weekly basis has become a norm with respect to FPI flows in the Indian debt markets, he added.

FPIs would be closely watching the spread of the new coronavirus variant and its possible impact on the growth globally.

Higher valuation is also a concern that may continue to trigger profit booking at regular intervals, he said.

"Future of FPI flows is expected to remain volatile given key events such as upcoming state elections, expectation of rise in interest rates and concerns a new Covid variant will prompt fresh mobility restrictions, hindering economic recovery," said Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities.

(With PTI Inputs)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement