FPIs net buyers at Rs 16,305 cr in Sept so far
Foreign portfolio investors (FPIs) remained net buyers in Indian markets so far in September by investing a net sum of Rs 16,305 crore.
image for illustrative purpose
New Delhi: Foreign portfolio investors (FPIs) remained net buyers in Indian markets so far in September by investing a net sum of Rs 16,305 crore.
As per depositories data, overseas investors invested Rs11,287 crore into equities and Rs 5,018 crore in debt segment on a net basis between September 1-17. During this period, the total net investment stood at Rs 16,305 crore.
In August, FPI investment stood at Rs 16,459 crore. Himanshu Srivastava, associate director - research, Morningstar India noted that investment in Indian equities has been volatile for sometime.
"However, continuing rally in the Indian stock markets would have been hard for FPIs to ignore and they would have chosen to be a part of it rather than missing out on it," he said. Also, India continues to be an important and competitive investment destination from the long-term perspective, Srivastava added.
FPIs have been showing interest in segments like hotels and travel since these segments have started to do well, as per V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
