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FPIs invest Rs 8,642 crore in Indian markets in March
Foreign portfolio investors (FPIs) have invested a net sum of Rs 8,642 crore in Indian markets so far in March.
According to depositories data, FPIs poured in Rs 14,202 crore into equities but pulled out Rs 5,560 crore from debt segment between March 1-19.
This took the total net investment to Rs 8,642 crore.
Prior to this, overseas investors had invested Rs 23,663 crore in Indian markets in February and Rs 14,649 crore in January, on a net basis. Foreign portfolio investors (FPIs) have invested a net sum of Rs 8,642 crore in Indian markets so far in March.
“After treading cautiously for some time, volatility and correction in the market this week brought them back into domestic equities,” said Himanshu Srivastava, associate director - manager research, Morningstar India.
In addition, there is a gush of liquidity in the global financial markets after US announced a $1.9 trillion pandemic relief package, which ensured regular flow of assets into emerging markets like India, he added.
Also, a rejig in some of the global indices led to net inflows into Indian equities.