FPI
Foreign portfolio investors (FPI) invested Rs 43,838 crore in the Indian stock markets in May.
V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the FPIs were aggressive buyers in the market in May having invested Rs 43,838 crore through the stock market and primary market put together.
A survey among foreign portfolio investors showed that India is now the consensus overweight among all emerging markets. In May, India attracted the largest investment among all emerging markets, and FPIs were sellers in China, he added.
FPIs are likely to continue their investment in India in June too since the latest GDP data and high frequency indicators reflect a robust economy gaining further strength. Financials, automobiles, telecom and construction are attracting big investments, he said.
Nifty racing to the all-time high of 18887 and breaking the record are highly possible in the next few trading days. But at record levels, selling pressure is likely since valuations will emerge as a concern, he said.
Joseph Thomas, Head of Research at Emkay Wealth Management, said the the equity market has been holding quite well buoyed by the better than expected national income data, encouraging manufacturing PMI, and finally, a closure to the US debt ceiling discussions.
PM Modi announced that India will send relics of Lord Buddha, discovered in Gujarat’s Aravalli…
Prime Minister Narendra Modi highlighted the deep cultural ties between India and Thailand during his…
The Delhi High Court Bar Association has raised concerns over Justice Chandra Dhari Singh’s transfer…
Prime Minister Narendra Modi, during his visit to Bangkok, highlighted Thailand's strategic importance in India's…
Thailand unveiled a commemorative stamp featuring 18th-century Ramayan mural paintings, marking the first day of…
PM Modi and Thai PM Paetongtarn Shinawatra elevate India-Thailand ties to a strategic partnership in…