Foreign investors have shown strong buying interest in Indian equities in May and invested more than Rs 23,152 crore in the first fortnight due to lower chances of further rate hikes by the US Federal Reserve, a strong domestic macro outlook and a good earning season.
With this, now Foreign Portfolio Investors (FPIs) have become net buyers of equities in 2023 so far by attracting Rs 8,572 crore, data available with the depositories showed.
Going forward, FPI flows should remain robust for the rest of the month as the global risk on the environment continues for some more time given that major macro data like the US non-farm payroll numbers and CPI numbers have been mostly in line with market estimates, Manish Jeloka, Co-head of Products & Solutions, Sanctum Wealth, said.
Bu hikaye The Free Press Journal dergisinin May 15, 2023 sayısından alınmıştır.
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Bu hikaye The Free Press Journal dergisinin May 15, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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