FPIs infuse Rs 41K-cr in equities in just 4 trading sessions
Overseas investors have pumped in a staggering over Rs 4,100 crore in the Indian equity markets in the last four trading sessions on hopes of rate cut by RBI and positive global cues.
However, they pulled out Rs 746 crore from the debt markets during the period under review. Foreign Portfolio Investors (FPIs) have turned net buyers on equities in March so far after pulling out a massive Rs 16,648 crore from the market in the previous two months. Inflows accelerated on expectations that RBI would reciprocate to the government’s commitment to fiscal prudence with a rate cut sooner than later, market analysts said.
In addition, a sign of recovery in global market has raised optimism among market participants, they added.