As per the depositories data, FPIs invested a net sum of Rs 29,436 crore into equities and Rs 5,673 crore into debt segment between November 2-13.
During the period under review, a net amount of Rs 35,109 crore was pumped by overseas investors in Indian markets.
FPIs had invested a net sum of Rs 22,033 cr 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.”
Additionally, weaker dollar index and absence of quality value play at reasonable valuations in FPIs’ home markets have further given them reason to move allocation to emerging markets like India, Mahajan added. FPIs are expected to remain optimistic on Indian markets, experts said.
They are advised to bet on sectors which are resilient from prolonged economic downturn, said Mahajan. “Pharma, IT, select private banks are attractive sectors to continue to keep on the radar,” he said.