FPI investors like Indian market, invested 18 thousand crores in first 4 days of December

Foreign portfolio investors (FPIs) have invested around Rs 18,000 crore in the first 4 days of December. In the first month of November, an investment of about 63 thousand crores came.

Foreign Portfolio Investors (FPIs) have infused Rs 17,818 crore into Indian markets in four trading sessions in December.

Foreign investors' attraction to Indian markets has increased due to better-than-expected improvement in economies around the world and positive results regarding the Coronavirus vaccine.

According to depository data, FPIs have invested Rs 16,520 crore in equities and Rs 1,298 crore in the debt or bond markets during December 1-4. Thus his net investment in Indian markets was Rs 17,818 crore.

Earlier in November, FPIs had netted Rs 62,951 crore in Indian markets. Harsh Jain, chief operating officer (COO) of GRO, said, "Economies around the world are improving faster than expected. In such a situation, the flow of FPIs in Indian markets is increasing rapidly. "

He said that apart from the positive results of the vaccine tests of Covid-19, investors' confidence has also increased.

Research star Himanshu Srivastava, Associate Director-Manager, Morningstar India, said, "FPIs have a great affinity for emerging markets and India is also benefiting from this stance."