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Foreign investors infuse $1 billion in Indian markets in September

According to depositors' data, net Foreign Portfolio Investment (FPI) stood at Rs 3,178 crore in equities from September 1-9. Photograph: (Reuters)

WION New Delhi, India Sep 12, 2016, 05.38 AM (IST)
Foreign investors have pumped in nearly $1 billion (Rs 6,800 crore) into India's capital market so far this month.

The investments were attributed to a good monsoon, positive data from the US economy, better corporate earnings and progress on the rollout of the Goods and Services Tax (GST).

Business sentiment also improved after domestic passenger vehicle sales grew for the 14th straight month in August, experts said.

According to depositors' data, net Foreign Portfolio Investment (FPI) stood at Rs 3,178 crore in equities from September 1-9. The same for debt markets was at Rs 3,617 crore, taking the total inflow to Rs 6,795 crore ($1.02 billion).

Portfolio investors had pulled out Rs 4,373 crore from the equity and debt markets in June and July.

So far this year, FPIs have invested Rs 44,028 crore in equities while withdrawing Rs 3,730 crore from the debt market, resulting in a net flow of Rs 40,297 crore.

(WION with inputs from PTI)

 
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