FPIs invest Rs 35,109 crore in November in the Indian market
FPI (Foreign portfolio investors) have invested a massive Rs 35,109 crore into the Indian market, a net sum of Rs 29,436 crore into equities and Rs 5,673 crore into debt segment between Nov 2-13. The cooperate earnings and reform measures undertaken by govt to revive investment activities kept the investors attitude positive.
During the period review, a net amount of Rs 35,109 crore was pumped by overseas investors in the Indian market and a net sum of Rs 22,033 cr was invested in the preceding month.
Arjun Yash Mahajan, head-institutional business, Reliance Securities said, “Indian markets continue to outperform and have continued to offer FPIs better risk-reward propositions in terms of corporate earnings recovery and reform measures undertaken by the government to revive investment activities in the country. The weaker dollar index and absence of quality value play at reasonable valuations in FPIs, home markets have further given them a reason to move allocation to emerging markets like India.”
FPIs are expected to remain optimistic on Indian markets, market experts said. They are advised to bet on sectors which are resilient from the prolonged economic downturn, Mahajan added
“Agriculture in the form of auto exposure, pharma, IT, select private bank are attractive sectors to continue to keep on the radar,” Mahajan said.