New Delhi: Foreign investors Made strong returns and invested Rs 24,453 crore. Indian Equity Markets In the first week of December, according to data from the National Securities Depository Ltd (NSDL). The single largest investment came on December 6, with FPIs investing Rs 9,489 crore.
Investments by FPIs in December represented a complete turnaround from the previous two months, when foreign investors were net sellers. Substantial capital inflows indicate growing confidence in India’s economic prospects.
“FIIs switched buyers in early December, reversing their consistent selling strategy over the past two months. Market sentiment. Total FII selling through exchanges in October was Rs 113,858 crore. In November, this amount decreased to Rs 39315 crore. Including purchases made through the primary market, total FII purchases till December 6 are Rs 24,453 crore (by NSDL). This is a clear change in FII strategy in India. It can be argued that the phase of sustained FII selling is over”, said VK Vijaykumar, Chief Investment Strategist, Geojit Financial Services.
Meanwhile, NSDL data showed that FPIs sold equity worth Rs 21,612 crore in November, down from Rs 94,017 crore in October.
Earlier, FPIs had invested Rs 26,565 crore, Rs 32,365 crore, Rs 7,320 crore and Rs 57,724 crore during June-September respectively.