INSUBCONTINENT EXCLUSIVE:
Depositories data showed that foreign investors pumped Rs 1,857 crore into equities.New Delhi: Foreign portfolio investors (FPIs) reversed
the three-month selling streak in January by investing net Rs 3,117 crore in Indian markets, so far this month.Depositories data showed that
they pumped Rs 1,857 crore into equities and Rs 1,743 crore into hybrid instruments during January 1-14.At the same time, they pulled out Rs
482 crore from the debt segment, taking the total net inflow to Rs 3,117 crore
Prior to this, overseas investors were net sellers in the Indian markets for three consecutive months since October 2021."IT stocks have
boomed in Jan after the good results of IT majors
This is likely to be repeated in the case of financials too," noted VK Vijayakumar, Chief Investment Strategist at Geojit Financial
Services.As per Himanshu Srivastava, associate director - manager research, Morningstar India, FPIs have currently adopted cautious stance
towards Indian equities.With Union Budget around the corner, FPIs would like to get more clarity and direction from the government about its
roadmap towards economic growth before investing substantially in the country's capital markets.For the debt segment, Srivastava said FPIs
haven't been investing significantly in Indian debt markets for a long time now and that trend continues.About other emerging markets,
Shrikant Chouhan, head- equity research (retail), Kotak Securities said FPI flows were positive across the emerging markets except for the
Philippines which witnessed an outflow of $4 million.Taiwan, South Korea, Thailand and Indonesia saw inflow of $1,793 million, $1,528
million, $445 million and $322 million, respectively."Amidst sharp increase in Omicron cases, elevated inflation and expectations of rate
hike by the U.S, FPI flows in the emerging markets are expected to remain volatile," said Chouhan.As far as Indian market is concerned,
upcoming Union Budget and earnings season would be the key things to monitor, he added.(Except for the headline, this story has not been
edited by TheIndianSubcontinent staff and is published from a syndicated feed.)