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FPIs Net Buyers At Rs 21,875 Crore So Far In September

According to data from depositories, FPIs pumped in Rs 13,536 crore into equities and Rs 8,339 crore into the debt segment during September 1-23.

FPIs Net Buyers At Rs 21,875 Crore So Far In September
FPIs Net Buyers At Rs 21,875 Crore So Far In September
outlookindia.com
2021-09-26T14:52:54+05:30

Remaining positive about the long-term outlook of Indian markets, foreign portfolio investors (FPI) were net buyers so far in September with an investment of Rs 21,875 crore.

According to data from depositories, FPIs pumped in Rs 13,536 crore into equities and Rs 8,339 crore into the debt segment during September 1-23, taking the total net investment to Rs 21,875 crore.

FPIs were net buyers at Rs 16,459 crore in August.

“Rally in the Indian equity markets, positive long-term outlook, the expectation of economic rebound and improvement in corporate earnings has led foreign investors to re-invest in Indian equities,” said Himanshu Srivastava, associate director (research), Morningstar India.

Besides, he added that the turmoil in China has also benefitted India, making it an attractive investment destination among foreign investors from a long-term perspective.

However, higher valuations and US Fed signalling reversing of pandemic stimulus programmes in November did limit the flow of assets to some extent, he noted.

“The renewed FPI interest in India is partly because of Nifty's impressive outperformance vis-a-vis MSCI World Index and MSCI EM Index this year,” said V K Vijayakumar, chief investment strategist at Geojit Financial Services.

(With inputs from PTI)

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