Live
- Sudanese army recaptures capital of Sinnar State in central Sudan
- Kishkindha Kaandam Review: Some movies prove not to compromise in having a good cinematic experience and this is one of them
- Son-rise: Hemant Soren grows taller as tribal leader, makes father proud
- ISL 2024-25: 10-man NorthEast United FC hold on to take three points vs Punjab FC
- BGT 2024-25: Jaiswal’s application, commitment to form a partnership was so impressive, says Gilchrist
- BGT 2024-25: Personally, I am very happy with my performance, says Harshit Rana
- Pakistan's Lahore remains world's most polluted city despite light drizzle
- Asha Nautiyal retains Kedarnath for BJP, to be back as MLA after 12 years
- India leads world in science, innovation research: Minister
- Flash flood in Indonesia's South Tapanuli claims two lives
FPIs invest Rs 38,211 crore in March on improved global liquidity
Analysts attributed the increase in infusion to a shift in stance on monetary policy outlook by various central banks globally.
New Delhi: Foreign investors have poured in a net amount of Rs 38,211 crore in the domestic capital markets in March so far, mainly on account of improved global liquidity.
In February, foreign portfolio investors (FPIs) had put in a net amount of Rs 11,182 crore in the capital markets -- both debt and equity.
Analysts attributed the increase in infusion to a shift in stance on monetary policy outlook by various central banks globally.
According to depository data, foreign investors pumped in a net sum of Rs 27,424.18 crore in equities, while the debt market saw a net infusion of Rs 10,787.02 crore during March 1-22 -- taking the total to Rs 38,211.20 crore.
As per Harsh Jain, chief operating officer of Groww, the cooling of US-China trade war and no hike in interest rates by the US Fed has made India attractive to FPIs. Other factors like stable crude oil prices have also helped.
After a shaky start this year, FPIs have made a "confident comeback" into the Indian equity markets, noted Himanshu Srivastava, senior analyst manager research at Morningstar Investment Adviser India.
"In January, the US Fed announced a pause in rate hike, followed by China and European Central Bank providing stimulus for their economy. This bolstered the risk-on sentiments resulting in foreign flows taking a U-turn and to make their way back into emerging markets like India," Srivastava said.
Improvement in the country's macro outlook as well as expectations of formation of a stable government post elections has improved India's prospects, he added.
