According to depository data, FPIs invested Rs 15,520 crore in equities from June 1 to 11.
New Delhi. Foreign Portfolio Investors (FPIs) have infused a net Rs 13,424 crore into the Indian markets so far in June. Foreign investors’ confidence in the Indian markets has increased due to the hope of an early opening of the economy amid a decrease in the cases of Kovid-19 infection.
According to depository data, FPIs invested Rs 15,520 crore in equities from June 1 to 11. Morningstar India Associate Director-Manager Research Himanshu Srivastava said, “During the last two weeks, due to the net inflow of foreign investors into the stocks, the economy is expected to open soon amid decreasing cases of corona virus.”
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FPIs pulled out Rs 2,666 crore from Indian markets in MayIn June, FPIs pulled out Rs 2,096 crore from the debt or bond market. In this way his net investment has been Rs 13,424 crore. Earlier in May, FPIs had withdrawn Rs 2,666 crore from Indian markets and Rs 9,435 crore in April.
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Relief to the government on the economy front, IIP growth increased by 134 percent in April
Recently, there has been news of a big relief for the Narendra Modi government at the Center on the economy front. Actually, in April this year, the growth of IIP i.e. Index of Industrial Production was 134 percent. Due to the very low base effect of April last year, the growth rate has been so high on a year-on-year basis. In March this year, the growth rate of IIP was 22.4 percent.