According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, FPIs were strong purchasers in the market in May, investing Rs 43,838 crore across the stock and primary markets.
According to a study of international portfolio investors, India is currently the consensus overweight among all developing economies. In May, India drew the most investment of any developing country, while foreign portfolio investors were sellers in China, he noted.
FPIs are expected to continue investing in India in June, as the latest GDP figures and high frequency indicators show a healthy economy gaining momentum. According to him, financial services, vehicles, telecommunications, and construction are drawing significant investment.
In the next trading days, Nifty might race to an all-time high of 18887 and smash the record. However, at record levels, he expects selling pressure because valuations will become a worry.
According to Joseph Thomas, Head of Research at Emkay Wealth Management, the equities market has held up very well, supported by better-than-expected national income statistics, optimistic manufacturing PMI, and, ultimately, a conclusion to the US debt limit talks.
These occurrences may have left a pleasant impression that will last for some time.
Foreign portfolio investors (FPIs) invested Rs 43,838 crore in Indian stock markets in May, according to data released today.
According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, FPIs were strong purchasers in the market in May, investing Rs 43,838 crore across the stock and primary markets.
According to a study of international portfolio investors, India is currently the consensus overweight among all developing economies. In May, India drew the most investment of any developing country, while foreign portfolio investors were sellers in China, he noted.
FPIs are expected to continue investing in India in June, as the latest GDP figures and high frequency indicators show a healthy economy gaining momentum. According to him, financial services, vehicles, telecommunications, and construction are drawing significant investment.
In the next trading days, Nifty might race to an all-time high of 18887 and smash the record. However, at record levels, he expects selling pressure because valuations will become a worry.
According to Joseph Thomas, Head of Research at Emkay Wealth Management, the equities market has held up very well, supported by better-than-expected national income statistics, optimistic manufacturing PMI, and, ultimately, a conclusion to the US debt limit talks.
These occurrences may have left a pleasant impression that will last for some time.
