Foreign investors have invested more than Rs 6,700 crore so far this month in Indian capital markets. Improvement on the macroeconomic front, better quarterly results of companies and improvement in the shares of mid-sized companies and small companies (mid-caps and small caps). Last month, investors made a net investment of Rs 2,300 crore in Indian capital markets, stocks and credit markets. Before April-June, foreign investors had pulled out more than 61,000 crores. According to the latest data from the depository, foreign portfolio investors (FPI) invested a total of Rs 2,048 crore in the Indian stock market and Rs 4,662 crore in the debt market between August 1 and 24. In this way, a total investment of Rs 6,710 crore was followed in the Indian capital market.
Himanshu Srivastava, research manager and senior analyst at Morningstar, said,”The recent net inflow could be attributed to improvement on the macro front, better earnings from corporate, correction in the mid and small-cap space and positive observations of IMF on India. He said that in fact, the attitude of foreign investors is still positive. However, compared to the earlier of foreign investors, it is still less compared to the investment. It is a sign that investors still have some uncertainty inside. Investors made this investment on the macro front, better corporate earnings and correction in the mid and small-cap space.
FPI has made a net investment of Rs 6380 crores in the stock exchanges between March 1-16. Even before that in February, FPI had withdrawn Rs 11,000 crore from equity and more than Rs 250 crore from the debt markets. Prabhudas Leeladhar’s CEO Ajay Bodke said that the possibility of global oil prices slowing down and the earnings of companies in the coming quarters could potentially boost FPI’s investment.
On the other hand, Infosys’s market cap grew up by Rs 1,987.55 crore to Rs 2,56,087.40 crore. ITC’s market capitalization rose by Rs 1,577.79 crore to Rs 3,17,976.53 crore and HDFC Bank’s market capitalization rose by Rs 1,115.32 crore to Rs 4,81,791.07 crore. The market capitalization of Maruti Suzuki increased by Rs 782.38 crore to Rs 2,62,518.14 crore. In the weeks leading up to the week, RIL has been ranked first in the top ten companies in terms of market capitalization. After that, TCS, HDFC Bank, ITC, HDFC, HUL, Maruti, Infosys, ONGC, and SBI were the top companies.