Mumbai, March 30 (IANS). Foreign investors are constantly shopping amidst the rise in the Indian stock market. According to the latest depository data, in the last six trading sessions, foreign portfolio investors (FPIs) have invested around Rs 31,000 crore in the stock market.
The reason for investing in large quantities of FPI is the attractive valuation of the stock market, strengthening the rupee against the dollar and the economy boom.
The return of FPI has also seen major recovery in the Indian stock market.
During the review period, the Nifty has seen a recovery of about 6 percent, which has increased the trust of investors.
Many factors are responsible for the purchase of FPI to be changed from selling, including the stock market being 16 percent below its September 2024 peak, strengthening the rupee and decrease in inflation, strengthening of IIP and GDP growth.
According to the data from the depository, the total outflow has been reduced to Rs 3,973 crore due to increase in FPI purchases in March.
Experts believe that FPI investment in the coming time will depend on the result of the mutual tariff to be declared by US President Donald Trump on April 2.
Experts further said that if the tariffs are not much, this rally can continue.
Manoj Purohit of BDO India said, “This week the situation has changed, FPI inflow has started in green mark, which has returned to the Indian market, although it is the last week of the financial year, which usually has huge profit booking.”
The Indian stock market performed excellent last week. The Nifty and Sensex rose by about 0.70 percent to close at 23,519.35 and 77,414.92.
This fast was led by banking stocks. Bank Nifty closed at 51,564.81 with a gain of about 2 percent.
Nifty PSE and FMCG index were top gainers on sectoral basis, while media and pharma index were the top losis.
-IANS
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