Team Blitz India
NEW DELHI: Foreign portfolio investors (FPIs) have injected over Rs 57,300 crore into the Indian equity markets this month so far owing to political stability, robust economic growth, and a steady decline in the US bond yields. With this, total investment by FPIs surpassed Rs 1.62 lakh crore this year.
Going forward, the New Year is expected to witness declines in U.S. interest rates, and FPIs are likely to increase their purchases in 2024,VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
According to the data, FPIs made a net investment of Rs 57,313 crore in Indian equities in this month (till December 22). This was the highest monthly inflow by them in a year.This came following a net investment of Rs 9,000 crore in October.Before this overseas investors withdrew 39,300 crore in August and September, data with the depositories showed.
