Foreign investors have invested Rs8,643 crore in the Indian stock market this month due to reasonable stock prices, according to analysts. In March, US-based GQG Partners invested in Adani Group, which led to a net investment of Rs7,936 crore in equities. From April 3, foreign investors invested Rs8,643 crore in Indian equities. The market is favorable for India in terms of foreign investments, said Himanshu Srivastava from Morningstar India. Indian stocks are reasonably priced, which has encouraged foreign investors to invest.
FPIs also invested Rs778 crore in the debt market, with a focus on financial stocks. Automobiles, capital goods, and IT stocks saw marginal interest from FPIs. HDFC Bank, HDFC, and Tata Motors are among the stocks that saw high delivery volumes, which were assumed to be bought by FPIs. Geojit Financial Services’ VK Vijayakumar said that stocks with rising FPI holding tend to show resilience even during market weakness. The FPI inflow is likely to remain stable going forward.
