FPIs remain bullish on Indian markets, pour in Rs 11096 cr in April so far

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Business News

Apr 14, 2019

1:56PM

FPIs remain bullish on Indian markets, pour in Rs 11096 cr in April so far

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Foreign investors have pumped in a net sum of 11,096 crore rupees into the Indian capital markets in April so far, driven by global and domestic factors.

Foreign portfolio investors (FPI) were net buyers for the previous two months as well, infusing a net sum of 11,182 crore rupees in February and 45,981 crore rupees in March.

As per depositories data, FPIs invested a net amount of 13,308.78 crore rupees in equities and pulled out 2,212.08 crore rupees from the debt segment during April 1-12, taking the total net investment to 11,096.70 crore rupees.

Experts say this positive rally since February is largely due to the rising confidence in having a stable government post elections.

The fear of economic slowdown in the developed world has also increased prospects of foreign money in the Indian market, analysts said.