Foreign investors have invested Rs 11,500 crore in the March trading sessions. This includes investments made by American firm GQG Partners in Adani Group companies.
Despite the positive investment made by Foreign Portfolio Investors (FPIs) in the Indian stock market, experts believe that after the sinking of Silicon Valley Bank and Signature Bank in the US, FPIs may adopt a cautious approach.
FPI investment in stock market
According to the data released by the depositories, since the beginning of this month till the trading session of March 17, FPIs have invested Rs 11,495 crore in the Indian stock market. Earlier, foreign investors had sold Rs 5,294 crore in February and Rs 28,852 crore in January. At the same time, foreign investors had invested Rs 11,119 crore in December.
ups and downs may continue
VK Vijayakumar, Chief Investment Strategy, Geojit Financial Services, said that Rs 15,446 crore has been invested in Adani Group companies on behalf of GQG. If it is removed, then FPI investment is negative. Since the beginning of this year, FPIs have withdrawn Rs 22,651 crore from the Indian markets.
Himanshu Srivastava, associate director-manager research at Morningstar India, said the Indian market is in a better position than other overseas markets for the long term.
FPI invested in this sector
In the trading sessions so far in March, FPIs have made continuous purchases in the capital goods sector.
2,550 crore withdrawn from the debt market
FPIs turned positive in the equity market, but remained net sellers in the debt market. FPIs have sold Rs 2,550 crore in the debt market.
