FPIS INFUSE RS 57,300 CRORE IN DECEMBER DRIVEN BY STABILITY AND GROWTH

Due to political stability, healthy economic growth, and a sustained decrease in US bond yields, foreign portfolio investors (FPIs) have poured nearly Rs 57,300 crore into Indian equities markets this month

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In a significant development, foreign portfolio investors (FPIs) have injected more than Rs 57,300 crore into the Indian equity markets this month, reflecting a notable shift in their investment strategy. The surge in investments is attributed to factors such as political stability, robust economic growth, and a consistent decline in US bond yields. The cumulative investment by FPIs in the Indian market for the year has now surpassed Rs 1.62 lakh crore, underscoring the attractiveness of the Indian market on the global stage. Looking ahead, experts anticipate a further increase in FPI purchases in 2024, driven by the expected decline in US interest rates in the New Year. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, expressed optimism about the future trend, pointing to the favorable conditions that could lead to heightened FPI activity.