Foreign Portfolio Investors (FPIs) have pumped in more than Rs 10,000 crore into Indian stock markets this week, showing a strong return of overseas interest in domestic equities.
Indian equity benchmarks opened with gains on Friday with global cues remain broadly positive, the uncertainty on the domestic front capped gains for Indian indices due to skirmishes on the India-Pakistan border.
Indian stock markets remained closed on Thursday, May 1, in observance of Maharashtra Day. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) suspended trading for the day.
Indian equity markets started the Tuesday session on a positive note, supported by strong inflows from foreign portfolio investors (FPIs) and domestic institutional investors (DIIs).
The investors in the upcoming week will closely monitor key economic data, geopolitical tensions, foreign institutional investor (FII) moves and discussions around the new trade agreement between the US and its trade partners.
Foreign Portfolio Investors (FPIs) remained net buyers in Indian stock markets this week, with a net inflow of Rs 17,424.88 crore, according to data released by NSDL.
Indian stock markets have largely remained stable during periods of military or political tension with Pakistan, according to a new analysis by Anand Rathi Research.