LIVE TV DownloadNews18 App
News18 English
»
1-min read

FPIs Invest Over $1 Billion in November So Far on Easing Oil Prices, Rupee Recovery

Foreign portfolio investors (FPIs) had pulled out over Rs 21,000 crore from the capital markets (both equity and debt) in September. Before that, they had put in Rs 7,500 crore in July and August.

PTI

Updated:November 18, 2018, 10:37 AM IST
facebookTwittergoogleskypewhatsapp
FPIs Invest Over $1 Billion in November So Far on Easing Oil Prices, Rupee Recovery
Representative image/Reuters
Loading...
New Delhi: Foreign investors have pumped in nearly Rs 8,285 crore into the Indian capital markets so far this month, after pulling out hefty funds in October, due to fall in crude oil prices, recovery in rupee and improvement in the liquidity situation.

The recent infusion comes following a net outflow of more than Rs 38,900 crore in October, which was the steepest withdrawal in nearly two years.

Foreign portfolio investors (FPIs) had pulled out over Rs 21,000 crore from the capital markets (both equity and debt) in September. Before that, they had put in Rs 7,500 crore in July and August.

According to depositories data, FPIs infused Rs 3,862 crore in the equity markets during November 1-16, and Rs 4,423 crore in the debt market, taking the total to Rs 8,285 crore (USD 1.14 billion).

Himanshu Srivastava, Senior Analyst Manager Research, Morningstar Investment Adviser India, attributed the latest inflow to fall in crude prices, recovery in rupee against the dollar and improvement in the liquidity situation.

On the global front, escalating trade war tensions between US and China has caused widespread uncertainty in emerging markets. This, coupled with increasing interest rates globally, has turned investors the world over risk-averse, which prompted them to look for other attractive and safer alternatives, he added.

"I don't expect any significant inflow from FPIs in the remaining part of this year. Movement of rupee versus dollar, direction of crude prices, domestic liquidity, upcoming state elections as well as general elections next year are some of the factors which the FPIs would be watching closely.

"Plus, there are other emerging markets like China and Brazil which are better placed in terms of valuation compared to India.

"Looking at all these factors and the ongoing scenario, there is still some time before India sees strong inflows from FPIs," he added.

FPIs have pulled out over Rs 92,000 crore from the capital markets so far this year. This includes more than Rs 38,000 crore from equities and nearly Rs 54,000 crore from the debt market
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Kaveri Seed 404.35 -3.81
Yes Bank 215.55 1.27
TCS 1,898.50 -0.33
Tata Steel 488.95 3.82
Reliance 1,223.90 0.64
Company Price Change %Gain
Apollo Hospital 1,132.70 1.27
Reliance 1,224.00 0.63
Kaveri Seed 404.60 -4.00
Yes Bank 215.45 1.41
Rel Capital 139.45 -7.95
Top Gainers
Company Price Change %Gain
Tata Steel 488.95 3.82
Vedanta 158.55 3.56
Adani Ports 349.90 3.05
GAIL 329.20 2.79
Indiabulls Hsg 631.35 2.78
Company Price Change %Gain
Vedanta 158.70 3.73
Tata Steel 488.70 3.72
ONGC 141.10 1.51
Infosys 736.90 1.62
Larsen 1,274.00 1.45
Top Losers
Company Price Change %Gain
Bajaj Auto 2,768.45 -0.70
HUL 1,725.95 -0.69
Zee Entertain 443.80 -0.59
ITC 274.35 -0.56
Hero Motocorp 2,620.50 -0.62
Company Price Change %Gain
Hero Motocorp 2,621.55 -0.82
HUL 1,725.00 -0.79
Bajaj Auto 2,768.55 -0.51
TCS 1,898.85 -0.31
IndusInd Bank 1,479.55 -0.17

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results