INSUBCONTINENT EXCLUSIVE:
MUMBAI: If a bounce back in your portfolio has brought you relief, the credit for it largely goes to foreign fund managers: from Mauritius
The sensex on Friday closed above the 66,000 mark for the first time on the back of steady foreign investor inflows.Foreign portfolio
investors (FPIs) have pumped over Rs 1 lakh crore into Indian stocks so far this year after offloading about Rs 1
2 lakh crore in 2022, CDSL data showed
The Rs 1-lakh-crore infusion is the largest in the first seven months of any year.FPI inflows an d the sensex, which is up 8% in 2023 so
far, are not showing any signs of slowing down despite some valuation concerns
However, FPI inflows turned positive in March and since then, the sensex has not just recovered lost ground but scaled new highs.Since
March, FPIs have net invested Rs 1
market since the March low
Services said in a research note
comeback? Analysts say the positive sentiment surrounding the Indian economy after the pandemic and the weakness in the Chinese economy has
Investment Advisors.Another key factor is the pause in rate hikes by Indian and US central banks
Analysts expect FPI inflows to remain steady for some months, however, they depend on various variables
Subramanian, CEO of investment platform Kotak Cherry.
