Team Blitz India
NEW DELHI: Foreign Portfolio Investors have again set their sights at becoming net buyers in the country’s stock market. This month they have again made a beeline to invest in Indian stock markets, following a cumulative accumulation of Rs 9,001 crore in November.
The latest inflow comes at a time when India reported strong quarterly growth maintaining its fastest-growing major economy tag, inflation in a comfortable zone, and political stability in the run-up to General Elections 2024.
Data from the National Securities Depository (NSDL) showed that in December so far, they purchased Rs 9,744 crore, which is greater than the Rs 9,001 crore total purchase in November.
Before November, FPI participation in Indian stocks was lukewarm and they had turned net sellers. They sold Rs 14,768 crore and Rs 24,548 crore, in the months of September and October respectively.
