back to top
IndiaFPIs bought Rs 13,347 crore worth India stocks so far in April

FPIs bought Rs 13,347 crore worth India stocks so far in April


New Delhi, April 14: Foreign portfolio investors (FPIs) continued to remain net buyers for the third month in April in Indian stock markets. So far in the month, they bought stocks worth Rs 13,347 crore in , Securities Depository Limited (NSDL) data showed.

Foreign Portfolio Investment (FPI) involves an investor buying foreign financial assets.

FPIs had aggressively sold Indian stocks and turned net sellers in the Indian equity market in January 2024, before turning net buyers thereafter.

“A major concern is the surcharged geopolitical situation in the Middle East with heightened tensions between Iran and Israel. These will keep the markets on tenterhooks in the near-term,” said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, on the FPI outlook.

In March, they bought stocks worth Rs 35,098 crore.

Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level and signs that the central bank is done tightening its monetary policy have all contributed to painting a bright picture for the Indian . India's GDP grew at a massive 8.4 per cent during the October-December quarter of the financial year 2023-24, and the country continued to remain the fastest-growing major economy.



The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

Share post:


More like this

Indian Envoy to France invites Global Filmmakers to shoot in J&K

Cannes , May 16: On the sidelines of the...

POJK ‘Was, Is And Will Remain Ours’: Rajnath

BALLIA (UP), May 17: Defence Minister Rajnath Singh on...

PM jabs Cong, INDI Bloc: Party aims just 50 seats to save ‘Honour’, alliance already defeated

FATEHPUR (UP), May 17: Prime Minister Narendra Modi Friday...

Govt to fund up to 50 pc of AI compute infra to be set up in partnership with industry

Agencies NEW DELHI, May 17: The government will fund up...