FPIs invests Rs 11,500 crore in Indian equities in March thus far

Foreign investors have put in Rs 11,500 crore in the Indian equities so far this month, mainly driven by bulk investment from the US-based GQG Partners in the Adani Group companies. Going ahead, FPIs may take a cautious stance in their approach in the coming days following the collapse of the US-based banks -- Silicon Valley Bank and Signature Bank -- that dented sentiments in the market, experts said. According to the data with the depositories, Foreign Portfolio Investors (FPIs) invested Rs 11,495 crore in Indian equities till March 17. This came after a net outflow of Rs 5,294 crore in February and Rs 28,852 crore in January. Prior to that, FPIs infused a net amount of Rs 11,119 crore in December, data showed. "This (inflow in March) is inclusive of the bulk investment of Rs 15,446 crore by GQG in the four Adani stocks," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. Excluding this, FPI activity in equities represent a strong selling ...

from Markets https://ift.tt/KLCERdM