FPIs pumped in ₹7,605 crore so far in September

According to the data of depositories, foreign investors invested ₹4,385 crore in equity and ₹3,220 crore in the loan segment during September 1-9.

During this period, the total net investment was ₹7,605 crore.

September comes after buying to the tune of FPI funding ₹16,459 crore in August, with a record ₹14,376.2 crore investment in the bond market.

for the constant rumble of foreign money Himanshu Srivastava, Associate Director (Research), Morningstar India in the Debt Segment, said, “The stability in the Indian currency and rising bond spreads between the US and India made Indian debt better on a risk-reward basis, which would have caught the investor. The imagination resulted in a sudden and high flow.”

However, he pointed out how investing in Indian equities has been volatile in the recent past.

Last week, US Fed Chairman Jerome Powell’s address at the ‘Jackson-Hole’ event, where he took a wait-and-watch approach and highlighted that the central bank is in no hurry to hike rates, urged investors to There was a positive response and their appetite for riskier assets increased, Srivastava said.

“FPIs would have chosen to be a part of the ongoing rally in the Indian equity markets rather than miss it. However, this week the scenario was a bit different.

“The uncertainty around the timeline for easing QE (quantitative easing) may have deterred them from going overboard or bringing in substantial investments in Indian equities,” he said.

Going forward, Kotak Securities Executive Vice President (Equity Technical Research) Shrikant Chauhan said FPI inflows are expected to remain volatile during September-December 2021, as global investments remain challenging.

Investors are focusing on sustaining growth in developed economies. As a result, they are expected to focus on emerging markets for diversification and India cannot be ignored by global investors given the growth opportunities, he added. PTI SRS HRS Hours

This story has been published without modification in text from a wire agency feed.