Indian stock indices were marginally higher at Wednesday's opening bell, tracking positive cues from overnight US markets and the latest return of foreign portfolio investors.
Going ahead into this week, investors will keep track of the three-day RBI monetary policy meeting that starts today. The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicat
Foreign portfolio investors have aggressively sold Indian stocks in January, turning net sellers in the Indian equity market, after making a beeline to accumulate domestic stocks during the past two months--November and December.
Foreign portfolio investors have been aggressively selling Indian stocks, turning net sellers in the Indian equity market so far in January 2024, after making a beeline to accumulate domestic stocks during the past two months--November and December.
Continuing with the gains made during the morning session, Indian stocks closed Wednesday's trade in the green. The markets witnessed a bloodbath during the previous session -- Sensex fell over 1,000 points -- due to a host of reasons including high valuations, foreign portfolio investors
The latest data available from the National Securities Depository Limited (NSDL) showed that the FPIs sold Indian stocks worth Rs 16,601 crore in January.
Indian stocks were in the green Wednesday morning, after a bloodbath during the previous session -- Sensex fell over 1,000 points -- due to a host of reasons including high valuations, foreign portfolio investors lately pulling out funds from India, and a mild profit booking.
Particularly in December, they made a beeline to invest in Indian stock markets, with a cumulative accumulation of Rs 66,135 crore. To put it into context, the entire year saw an inflow of about Rs 171,107 crore, and notably, over one-third of it came in December.
Indian stock indices were highly volatile on Monday, to later settle for the day in the red, primarily attributable to profit booking by investors after a consistent rise over the past few weeks.
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.
New Delhi [India], October 27: India has witnessed an unprecedented surge in foreign portfolio investments (FPI) in recent months, with more than USD 10 billion flowing into the equity markets during the last quarter alone. As net FPI investments reach an impressive USD 19.09 billion in the