ANI
29 Nov 2022, 15:18 GMT+10
New Delhi [India], November 29 (ANI): Foreign portfolio investors have infused funds worth Rs 32,344 crore in Indian stock markets so far in the month of November and became net buyers again, data from National Securities Depository showed.
In September and October, they were net sellers amid the strong US dollar index, weak rupee, and tightening of monetary policy.
Notably, barring July and August and the current month when they were net buyers, foreign portfolio investors (FPIs) had been selling equities in the Indian markets for a year, which started in October 2021 for various reasons.
So far in 2022, they sold Rs 136,453 crore worth of stocks in India on a cumulative basis, NSDL data showed.
Tightening monetary policy in advanced economies including rising demand for dollar-denominated commodities, and strength in the US dollar had triggered a consistent outflow of funds from Indian markets. Investors typically prefer stable markets in times of high market uncertainty.
The latest inflow of funds supported Indian stocks recently. Extending gains from the previous session, Indian stock indices rose this morning and hit a fresh lifetime high.
Also, a hint by the US Fed about possible slowing down on policy rates too supported the ongoing rally in the Indian stock markets. (ANI)
Get a daily dose of Cardiff Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cardiff Star.
More InformationLONDON, England: Flybe, a British regional airline, abruptly closed operations on January 28. The airline offered flight to Belfast, Birmingham ...
LONDON, England: Of the 14 main battle tanks and additional artillery support it will send to Ukraine, Britain hopes its ...
The Group of Seven industrialized countries agreed Friday on a price cap for refined Russian oil exports.U.S. Treasury Secretary Janet ...
The Los Angeles Thieves won two elimination-bracket matches on Friday to stay alive in the Call of Duty League Major ...
Kurt Kitayama made two late birdies to slide into the lead at the Pebble Beach Pro-Am on Friday in Pebble ...
The United States moved to the brink of advancing out of its Davis Cup qualifying series by winning both singles ...
WASHINGTON D.C.: The Biden administration has stopped issuing export licenses to US companies seeking to ship most items to China's ...
Nearly a year in, the war in Ukraine has cost tens of thousands of lives and brought the world to ...
WASHINGTON D.C.: The US House of Representatives has passed a bill that limits the ability of US Energy Secretary Jennifer ...
BOSTON, Massachusetts: Russian businessman Vladislav Klyushin, who has ties to the Kremlin, has been accused of making tens of millions ...
TOKYO, Japan: In light of a tense security environment following Russia's invasion of Ukraine and Moscow's growing military cooperation with ...
DALLAS, Texas: Oil and gas pipeline operators are preparing to stockpile equipment following severe weather forecasts for the next few ...