Winning Bizness Desk
Mumbai. Showing confidence in the Indian Stock market, the foreign investors have made the maximum investment this year in the month of April. According to the figures, Foreign portfolio investors (FPIs) made the maximum purchase of Rs 11,631 crore in Indian equities in April 2023. This is the second consecutive month when foreign investors have invested money. Foreign investors have shown interest despite massive sell-off in the tech giants of the IT sector. Both Sensex and Nifty 50 have shown resilient performance in April. According to NSDL data, FPIs bought equities worth Rs 11,631 crore in April 2023. This is several times higher than the investment made in debt and debt-VRR instruments, which stood at Rs 806 crore and Rs 1,235 crore in the said month.
FPIs have changed their investment strategy!
Foreign investors have sold shares worth Rs 126 crore. According to NSDL data, there has been strong buying by foreign investors in April. Broadly, FPI investment in the Indian market is around Rs 13,545 crore, which includes equity, debt, debt-VRR etc. A financial expert said that it seems that FPIs have changed their investment strategy in India in recent times. In the beginning of this year, investors were selling the stock, but for the last two months, buyers are increasing. The Sensex has gained nearly 2,121 points or 3.60 per cent in April, while the Nifty 50 has gained over 705 points or 4.06 per cent in the month of April. Year-to-date FPIs are net sellers in Indian equities with Rs 14,579 crore. The highest selling month of 2023 is January where Rs 28,852 crore has been sold, while in February FPIs have sold Rs 5,294 crore.
Meanwhile, rupee too strengthened
The latest reading of the Sensex on Friday is 61,112.44, up 463.06 points or 0.76 per cent, and the Nifty 50 up 149.95 points, or 0.84 per cent, at 18,065. April 28 is the last trading day of this month. In the month of March, FPIs were also buyers with an inflow of Rs 7,936 crore into the equity market. Vijayakumar said that the rupee, which had touched a low of 82.94 against the dollar at the end of February this year, has now gone up to 81.75 against the dollar.
