Net investment stood at Rs 14,649 crore
According to the depository data, from January 1 to 29, FPIs netted Rs 19,473 crore in shares. During this, he withdrew Rs 4,824 crore from the loan or bond market. Thus his net investment was Rs 14,649 crore.
Also read- Budget 2021: Farmers can get gifts, in the budget, the limit of Kisan Credit Card may increase
Investors are investing due to excess liquidity
Himanshu Srivastava, Associate Director (Manager Research), Morningstar India, said, “Promotional measures have been taken by central banks and governments around the world amid the corona virus epidemic, providing additional liquidity in global financial markets. In such a situation, foreign investors are investing in emerging markets, whose benefits are also being given to India.
FPI still confused about the direction of the market
Geojit Financial Services chief investment strategist VK Vijaykumar said that FPIs are still confused about the direction of the market due to uncertainty over budget proposals. Because of this, they have been selling for the last few days.
Read also- Budget 2021: Budget itself can be understood in very simple language, here is all the important information related to it
He said that India has received the maximum investment from FPIs in emerging markets in November and December. For this reason, the Sensex had reached a record level of 50 thousand points. He said, “Now due to uncertainty about the budget, FPIs are reaping the profits at the current level.”