Team Blitz India
NEW DELHI: Foreign Portfolio Investors (FPIs) flow into the Indian equity market remained unabated as they invested over Rs 30,600 crore in the first fortnight of July, driven by the country’s robust economic growth and strong corporate earnings.
Market analysts are of the view that the outlook for FPI inflows into Indian equities remains quite bright and broad-based. “The concern, however, is the rising valuations which are getting stretched. The valuations in China are hugely attractive now compared to valuations in India and, therefore, the “Sell China, Buy India” policy of FPIs cannot continue for long,” VK Vijayakumar, Chief Investment Strategy at Geojit Financial Services, said.
According to the data, FPIs have been continuously buying Indian equities since March and infused Rs 30,660 crore this month (till July 14). This figure includes investment through bulk deals and primary market, too, apart from investment through stock exchanges.