Foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the second straight month after having sold two months on a trot in January and February, latest data from the National Securities Depository (NSDL) revealed.
Speaking at an event in Mumbai on Wednesday, VS Sundaresan said, "Ten years back, the market was completely driven by foreign portfolio investment (FPI). But now, no one sees that whether FPI is putting money or not and this is not affecting the market." He said due to that, the market is gr
Foreign investors are apparently cautious amid risks of the potential return of Covid, besides looming global recession worries as flagged by various agencies.
The subdued market sentiment is due to the possibility of slowing global economic growth this year and the latest pulling out of funds by foreign portfolio investors (FPIs) from Indian stocks.
Foreign portfolio investors have sold assets worth about Rs 17,237 crore in Indian stock markets so far in 2023, the latest data from National Securities Depository showed.
Indian stocks opened the new week's trade marginally higher but concerns over slowing global economic growth continue to remain on the investors' mind.
Indian stock indices have extended losses for the second straight session, largely due to continued selling by foreign investors on concerns over higher stock valuations.
Foreign portfolio investors (FPIs) have infused funds worth Rs 11,119 crore in Indian stock markets in the month of December and became net buyers for the second straight month, data from National Securities Depository showed.