New Delhi . Foreign portfolio investors (FPIs) have infused Rs 7,605 crore into the Indian markets so far in September. According to depository data, during September 1-9, FPIs have invested Rs 4,385 crore in equities and Rs 3,220 crore in the debt or bond market. In this way his net investment has been Rs 7,605 crore.
Earlier in August, FPIs had injected Rs 16,459 crore into the Indian markets. Of this, a record Rs 14,376.2 crore was invested in the bond market.
“The Indian debt market is attracting investors because of the stability in the Indian currency and the widening gap in bond yields in the US and India,” said Himanshu Srivastava, Associate Director (Research), Morningstar India.
watch and wait policy
Srivastava said that US Federal Reserve chief Jerome Powell while addressing an event in ‘Jackson Hole’ has indicated to adopt a policy of wait and see now. The central bank is in no hurry to hike interest rates.
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He said that FPIs want to be a part of the strong rally in the Indian markets. Shrikant Chauhan, Executive Vice President (Equity Technical Research), Kotak Securities, said global investments will remain challenging in the times to come. At such a time, FPI inflows during September-December will be fluctuating.
After last week’s volatility in the stock market, the market cap of 5 out of 10 companies of the Sensex (BSE Sensex) has seen an increase of about Rs 62,508.32 crore. During this, Reliance Industries (RIL) was the biggest gainer. Apart from this, the market capitalization of Hindustan Unilever (HUL), HDFC, State Bank of India (SBI) and Bharti Airtel increased. At the same time, the market cap of Tata Consultancy Services (TCS), HDFC Bank, Infosys, ICICI Bank and Bajaj Finance declined.
The market capitalization of Reliance Industries rose by Rs 23,582.73 crore to Rs 15,37,600.23 crore during the week. Reliance Industries was the biggest gainer. Bharti Airtel’s market valuation rose by Rs 15,377.67 crore to Rs 3,76,917.83 crore and HDFC’s valuation rose by Rs 12,836.43 crore to Rs 5,11,126.48 crore.
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