foreign investors Took a U turn after about two months. After huge selling in the Indian market in the months of October and November, people are now investing a lot of money in the shares of Indian companies in December. Let us tell you that in the first week of December, foreign investors have made a net investment of Rs 24,454 crore in the Indian stock market. According to market experts, this happened due to stability in the global situation and the possibility of the US Federal Reserve cutting interest rates. Earlier, foreign portfolio investors (FPIs) had made huge withdrawals of Rs 21,612 crore in November and Rs 94,017 crore in October.
These factors will decide the direction of FPI
Himanshu Srivastava, joint director, Morningstar Investment Research India, said the FPI stance in the coming months will be determined by the policies implemented under Donald Trump’s presidency, inflation, interest rates and geopolitical scenario. Apart from this, he said that the third quarter earnings performance of Indian companies and the country’s progress on the economic growth front will play an important role in shaping investor sentiment and influencing foreign investment. According to the depository data, FPIs have invested in this month (till December 6). ) has made a net investment of Rs 24,454 crore.
Invested in the month of September
It is also noteworthy that FPI buying was at the highest level in nine months in September, when there was a net investment of Rs 57,724 crore. With the fresh inflows, FPI investments so far in 2024 have reached Rs 9,435 crore, depository data showed. Last week, the BSE Sensex jumped 1,906.33 points or 2.38 per cent, while the NSE Nifty gained 546.7 points or 2.26 per cent. VK Vijayakumar, chief investment strategist at Geojit Financial Services, said the market sentiment has turned positive as FIIs once again started buying in early December.
