Foreign investors infused nearly Rs 11,000 crore in domestic equities in the first week of the month owing to resilience of the Indian market and expectations of rate cut in the US.
Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they had pulled out funds to the tune of Rs 34,252 crore in April-May.
The recent inflows are promising and could continue, supported by India’s stable macroeconomic position. However, global factors like US interest rate and geopolitical scenario would continue to be the driving force, Himanshu Srivastava, Associate Director- Manager Research, Morningstar Investment Research India, said.-PTI