FPIs extend investment in Indian equities, inject Rs 17,425 cr in a week
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Foreign investors have infused Rs 17,425 crore in the country's equity markets last week, supported by a combination of favourable global cues and strong domestic macroeconomic fundamentals. This came following a net investment of Rs 8,500 crore in the preceding holiday-truncated week ended April 18. Globally, steady performances in major markets, expectations of a pause in US Federal Reserve's rate hikes, and a stable US dollar boosted risk appetite for emerging markets like India. Easing global trade tensions further lifted investor sentiment, Himanshu Srivastava, Associate director - Manager Research, Morningstar Investment, said. Domestically, India's resilient growth outlook, moderating inflation, and an optimistic forecast of an above-normal monsoon for 2025 enhanced confidence in the market. Together, these factors created an attractive investment environment for foreign investors, he added. According to the data with...