According to the depository data, FPI invested a net of Rs 10,793 crore in shares during February 1 to 5. His investment in the debt or bond market stood at Rs 1,473 crore. In this way his net investment was Rs 12,266 crore. Earlier this month, FPI had netted Rs 14,649 crore in Indian markets.
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Market boom after budget
“The market has picked up after the budget, leading to increased FPI inflows,” said Rasmik Ojha, executive vice-president and head (basic research), Kotak Securities. The revival of the economy will be accelerated by a huge increase in capital expenditure and keeping the fiscal deficit high by 2025-26. This will lead to a higher increase in income in future.
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India’s growth forecast is encouraging
Grow co-founder Harsh Jain said that India’s growth forecast for the next financial year is encouraging. Jain said that India is one of the few countries that are recovering from the adverse effects of the corona virus epidemic faster than other big economies of the world.