FPIs invest Rs 43,838 crore in India in May

Date:

Foreign portfolio investment (FPI)

In May, foreign portfolio investors (FPI) made significant investments of Rs 43,838 crore in the Indian stock markets, according to V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. A survey conducted among foreign portfolio investors revealed that India is now the preferred investment destination among emerging markets. In comparison, FPIs were sellers in the Chinese market during the same period.

It is expected that FPIs will continue to invest in India in June, given the positive GDP data and strong high-frequency indicators, indicating a robust and strengthening economy. Sectors such as financials, automobiles, telecom, and construction are attracting substantial investments. The Nifty, an index of the National Stock Exchange of India, is likely to reach an all-time high of 18,887 in the next few trading days, but selling pressure may arise at those levels due to concerns about valuations.

gdp
positive GDP data and strong high-frequency

Joseph Thomas, Head of Research at Emkay Wealth Management, mentioned that the equity market has been performing well, supported by positive factors such as better-than-expected national income data, encouraging manufacturing PMI, and resolution of the US debt ceiling discussions. This positive sentiment may persist for some time.

However, in the short term, it is important to consider the potential slowdown in exports, as many auto companies have reported a decline in their exports. Additionally, if the US dollar remains strong, there might be a slowdown in FPI flows.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

spot_img

Popular

More like this
Related

Telangana CM Casts Vote in Legislative Council By-Election

Telangana CM A. Revanth Reddy exercised his voting rights...

Hyderabad on High Alert: Heatwave Forecasted for April

As the scorching sun beats down on Hyderabad, residents...

Elon Musk Announces Free Premium Features for X Users

Elon Musk announced on Thursday that users of the...

Siddharth and Aditi Rao Hydari Not Married But Engaged

Amid swirling rumors, it's speculated that actors Siddharth and...