Foreign portfolio investors (FPIs) continued to invest in Indian markets for the third consecutive month in March. In March, FPI made a net investment of Rs 17,304 crore in Indian markets. According to the depository data, FPIs invested Rs 10,482 crore in stocks and Rs 6,822 crore in debt or bond markets during March 1 to 31. Thus his net investment was Rs 17,304 crore.
Earlier, FPI had invested Rs 23,663 crore net in Indian markets in February and Rs 14,649 crore in January.
Grow co-founder and chief operating officer (COO) Harsh Jain said that the growing cases of Kovid-19 infection are affecting investment in Indian markets. He said that during the second wave of Corona virus, the market is largely stable due to the vaccination campaign and the improvement in the economy.
Morningstar India Associate Director (Manager Research) Himanshu Srivastava said that there was excessive liquidity in the global financial markets after the US announced a $ 1,900 billion pandemic relief package. It is flowing towards emerging markets like India.
