Business

Hike In FPIs By Rs 3,127 Crore In Last Five Trading Sessions

JAVED SAIFI | 0
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| July 8 , 2018 , 15:19 IST

Foreign Investments hiked by over Rs 3,127 crore in the last five trading session in the Indian Capital Market. The surge in investment comes after an outflow of more than Rs 61,000 crore during April-June.

As per the media reports on Sunday, foreign investments pumped in by Rs 2,235 crore in the equity market and Rs 892 crore in the Debt market during July 2-6.

Rajeev Srivastava, head of retail broking at Reliance Securities was quoted by Financial Express as saying, “Equity markets are witnessing some value buying after a sharp correction in mid and small cap indices that have corrected by almost 20 percent in 2018. The recent interest among FPIs is basically bottom fishing in beaten down stocks.”

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The foreign investor’s withdrawn Rs 44,737 crore from the capital markets in which Rs 40,541 crore was from the debt market and the remaining Rs 4,196 crore from the equity market till the year.

In the month of January, FPIs invested Rs 22,272 crore in the capital market. However, in February they were net sellers for Rs 11,674 crore. After that again FPIs turned positive and pumped in by Rs 2, 662 crores in March. There have been a little ups and downs, but at the same time major down with the withdrawal of Rs 61,000 crore during April-June.

High crude prices and continuous depreciating mode of Indian currency are the reasons for the decline in FPIs.