New Delhi: The Indian stock market is currently trading at an all-time high. The stock market had dropped to 25600 levels during the lockdown in March. In the last eight months, it has jumped 70 percent from its minimum level. Still, foreign portfolio investors (FPIs) remain positive on Indian markets. So far in November, FPI has invested Rs 35,109 crore in Indian markets.
Investors’ perception has been strengthened by better quarterly results of companies and government measures to encourage investment activity. According to depository data, FPI has invested Rs 29,436 crore in equities and Rs 5,673 crore in debt or bond markets during November 2-13. Thus his net investment has been Rs 35,109 crore.
FPI’s net investment in Indian markets was Rs 22,033 crore last month. Arjun Yash Mahajan, head of institutional business at Reliance Securities, said, “The performance of Indian markets continues to be good, with FPIs ready to take risks here. The FPI sentiment has also been strengthened by quarterly results of companies and government reform measures. Market experts say the FPI is expected to remain positive going forward. Mahajan said, “FPIs may place bets further in areas that show militant potential amid slowdown in the economy.”