look news india
Mumbai: Foreign institutional investors (FPIs) bought a net Rs 56,219 crore in Indian equities in the month ended September. The result was that in the first nine months of 2024, the inflow of foreign investors into the country's shares has crossed the figure of Rs 1 lakh crore. Apart from equity, the attraction of FPI has also been seen in the debt market of the country.
According to SEBI data, foreign investors made a net purchase of Rs 102,288 crore in equities and Rs 106,608 crore in debt instruments in the first nine months of 2024. More than fifty percent of the total buying in equities in the current year has been witnessed in September alone.
Relatively high interest rates on debt instruments in India among emerging markets have made it attractive for FPIs to fund the country's debt instruments.
As a result of the improvement seen in the Chinese economy following the incentives, foreign investors from India are likely to start putting money into the Chinese markets. However, FPI selling will remain limited due to India's strong fundamentals.
FPI inflows into Indian equities in September this year are the highest since December 2023. In December last year, the FPI investment figure was Rs 66135 crore.
FPIs have been consistent net buyers in the Indian market every month since June of the current year. The possibility of oats being included in these purchases following the recovery in China has not been ruled out.
China's stock market rose for nine sessions through Monday, suggesting the Chinese government's recent stimulus measures are working. The final session before a week-long holiday in China saw massive buying by investors. It is being said in market circles that FPIs are also becoming active in China.