NEW DELHI: Foreign Portfolio Investors are turning steady buyers as they bought Indian equities worth Rs 6,139 crore so far this month driven by strong economic growth, market resilience and decline in US bond yields.
This came following a modest investment of Rs 1,539 crore in Feb and outflow of Rs 25,743 crore in Jan, data with the depositories showed.
“FPI inflows have shown a positive trend as compared to the previous month… , persistent performance of large Indian corporates being major factors for turning the tide green for the Indian equity market,” Manoj Purohit of BDO India, said.
This came following a modest investment of Rs 1,539 crore in Feb and outflow of Rs 25,743 crore in Jan, data with the depositories showed.
“FPI inflows have shown a positive trend as compared to the previous month… , persistent performance of large Indian corporates being major factors for turning the tide green for the Indian equity market,” Manoj Purohit of BDO India, said.