This surge is primarily driven by favourable shifts in the global economic scenario and a strong domestic macroeconomic (macro) outlook.
The investment follows a modest inflow of ₹1,539 crore in February and a massive outflow of ₹25,743 crore in January, according to data from the depositories.
With this, FPIs' investment in equities has turned positive to the tune of ₹13,893 crore in 2024 so far, alongside ₹55,480 crore in the debt market.
Himanshu Srivastava, associate director-manager research at Morningstar Investment Research India, highlighted that FPIS have emerged as significant buyers in March.
This story is from the March 25, 2024 edition of Business Standard.
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This story is from the March 25, 2024 edition of Business Standard.
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