Millennium Post

FPIs stay bullish on India; pour Rs. 11,000 crore in July so far

FPIs stay bullish on India; pour Rs. 11,000 crore in July so far
Foreign investors have pumped in nearly Rs 11,000 crore in the capital markets in the first two weeks of this month, enthused by the trouble-free rollout of GST.

The latest inflow comes following a net infusion of over Rs 1.62 lakh crore in the previous five months (February-June) on several factors.
Prior to that, such investors had pulled out over Rs 3,496 crore from debt markets in January. Dinesh Rohira, Founder and CEO, 5nance.com has attributed the latest inflow to stimulating Indian economy.
Besides, he said, investor sentiments remained due to the trouble-free rollout of the Goods and Services Tax on July 1.
He said however that the recent development on incoming global macro data indicates a sign of revival in some developed countries which is expected to poise hurdle for Indian market as FPI may shift their investment avenue.
Further, the inflow from FPI is expected to remain subdued with depreciating US currency against the Indian rupee, Rohira said. According to latest depository data, FPIs invested a net Rs 498 crore in equities during July 3-14, while they poured Rs 10,405 crore in the debt markets during the period under review, translating into a net inflow of Rs 10,903 crore.
Agencies

Agencies

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