ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Start ups
    • Funding
    • Appointments
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

FPIs turn net buyers in Oct; invest Rs 3,000 cr in equities

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

After two months of intense selling, foreign investors turned net buyers in October to invest over Rs 3,000 crore in stocks, enthused by the government's Rs 2.11 lakh crore bank recapitalisation plan.

The latest inflow followed a net pullout of Rs 24,000 crore from stock markets in the past two months (August and September). Prior to that, FPIs had invested over Rs 59,000 crore in equities between February and July.

According to depository data, foreign portfolio investors (FPIs) infused a net sum of Rs 3,055 crore in equities last month.

FundsIndia.com Head of Mutual Fund Research Vidya Bala said that FPIs continued their net selling streak in October until the government's announcement of recapitalisation of public sector banks and over Rs 6 lakh crore outlay for road development.

"The trend reversed as they pumped money immediately after the announcement. Recapitalisation of banks, and infrastructure spending are viewed by FPIs as providing a fresh lease of life for economy and markets," she added.

Finance Minister Arun Jaitley on October 24 announced PSU banks recapitalisation program of Rs 2.11 lakh crore, out of which Rs 1.35 lakh crore will come from recap bonds, and rest from markets and budgetary support.

Further, India moving up in the World Bank ranking of 'ease of doing business' also buttressed positive sentiments, said Himanshu Srivastava, Senior Analyst Manager Research at Morningstar India.

Additionally, slight improvement in global sentiments and stable currency could have also turned the tide in India's favour, he added.

Going forward, FPI flows may sustain as second quarter earnings are progressing well, Sharekhan Head Advisory Hemang Jani said.

Apart from equities, overseas investors have infused a staggering Rs 16,000 crore in the debt segments last month due to "high nominal and real yields".

"Indian bonds remain attractive on high nominal and real yields as well with the backdrop of macroeconomic stability and hence it continues to attract FPIs," Quantum Adviors Head Fixed Income and Alternatives Arvind Chari said.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Sun, Nov 05, 2017
10:58 am
PTI
RELATED NEWS
Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan? Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan?
Govt to sell 30 lakh tonnes of wheat in open market till March to control prices of wheat, atta Govt to sell 30 lakh tonnes of wheat in open market till March to control prices of wheat, atta
India’s economic fortunes critical for global growth, its rise being welcomed by world: Kumar Mangalam Birla India’s economic fortunes critical for global growth, its rise being welcomed by world: Kumar Mangalam Birla
Budget 2023: Boosting India's manufacturing sector - Experts shed light Budget 2023: Boosting India's manufacturing sector - Experts shed light
Budget 2023 EXCLUSIVE: Govt may extend 15% corporate tax levy deadline beyond 31 March 2024 Budget 2023 EXCLUSIVE: Govt may extend 15% corporate tax levy deadline beyond 31 March 2024

LATEST NEWS

Piyush Goyal clears 15 Research & Development textile projects in key strategic areas

NTPC Q3 Results: Net profit jumps nearly 5% YoY to Rs 4,854 cr; company announces dividend

Pathaan box office collection: Shah Rukh Khan-starrer breaks all records — Check collection figures of SRK's last 5 films

Last full budget ahead of 2024 general polls: Will Budget 2023 be populous or pragmatic? Experts explain

This Mutual Fund launches new low-cost, open-ended NFO for bumper returns; investment starts from Rs 5000

Google may release Pixel Tablet Pro with Tensor G2 chip

Adani Group-Hindenburg: What options Adani Group have? Anil Singhvi decodes

Adani Group-Hindenburg saga: MSCI seeks feedback on Adani Group over Hindenburg report

Gigabyte G5 GE Review: An efficient, budget gaming laptop for new gamers!

Italian automaker Automobili Lamborghini posts record sales in India last year, up 33% YoY

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV