FPI investors invested in Indian market, so far 5,319 crore in November

Foreign Portfolio Investors: Foreign portfolio investors (FPIs) have infused a net Rs 5,319 crore into the Indian markets so far in November. During the last fortnight, FPIs have increased their investment amid the ongoing ‘correction’ in the Indian stock markets. In October, FPIs made a net sell of Rs 12,437 crore.

invested in the market
According to depository data, during November 1 to 26, FPIs invested a net Rs 1,400 crore in equities and Rs 3,919 crore in the loan or bond market. In this way his total net investment stood at Rs 5,319 crore.

FPI has a large number of shares of banks
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “FPIs having a large amount of shares of banks, hence they have sold heavily in this segment. Due to continuous selling, the shares of banks have become an attractive investment option from the point of view of valuation.

Market fell due to Corona
He said that the main reason for the fall in the markets on November 26 is a new ‘strain’ of the corona virus. Himanshu Srivastava, Associate Director-Manager (Research), Morningstar India, said, “Despite the recent decline, the market is still at higher levels. In such a situation, FPIs are probably reaping profits.

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