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FPIs pump ₹43.8K cr in Jul; valuations rise
Mint Mumbai
|July 24, 2023
Indian equity markets continue to draw foreign portfolio investments as foreign investors put in ₹43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy. With this, inflow in the equity market reached ₹1.2 trillion so far this year, data with the depositories showed.
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Market analysts are of the view that the outlook for FPI inflows into Indian equities remains quite bright and broad-based.
The concern, however, is the rising valuations. At high valuations, some negative triggers can lead to a sharp correction, V K Vijayakumar, chief investment strategy at Geojit Financial Services, said.
Bu hikaye Mint Mumbai dergisinin July 24, 2023 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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