The improvement in the conditions in the Indian stock market is also visible in the trend of foreign investors. Foreign Portfolio Investors have continued to be net buyers in Indian equities for the last 14 days. This is the longest continuous purchase by FPI Buying in the Indian market during the last 3 years.
Nifty50 became so strong
Nilesh Shah, one of the biggest investors in the market, said in a tweet that in the last 14 days, FPIs have made net purchases of $ 2.74 billion, or about Rs 22,579 crore, in the Indian market. At the same time, during these 14 days, the Nifty50 has gained about 3 percent. In these 14 days, in 10 sessions, the Nifty 50 closed with gains.
Mutual funds are helping
Shah of Kotak Mahindra Asset Management said that mutual funds are a major reason for attracting foreign investors in the Indian market. Due to mutual funds, FPIs feel that it is easy to exit the Indian market, but difficult to enter.
RBI’s solution is working
There has been a break in the selling of FPIs in the Indian market in April and they have returned to the buying path. Many factors are believed to be responsible for this. The Reserve Bank has stopped the continuous increase in interest rates (RBI Repo Rate Hike) since May last year. The decline in the retail inflation rate in the country is indicating that the interest rates will remain stable in the coming times as well. This has encouraged FPI.
These factors are also supporting
Apart from this, the result season of March quarter has also helped in improving the sentiment. The quarterly results of the companies for the March quarter are in line with market expectations and there have been no major setbacks so far. The US Federal Reserve has also indicated not to raise interest rates. Due to all these reasons, FPIs have become buyers in India and due to which Nifty was able to jump almost 5 percent in the month of April.
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