Foreign Flows News Today

The Sensex took 27 years to breach the 10,000-mark for the first time in February 2006, while it gained the next 10,000 points in just 22 months as a flood of fresh foreign flows drove stock prices higher at a faster pace.

FPIs’ contribution to the institutional flow at 73% in December increased sharply from 10% a month ago and 34% a year ago reflecting a change in stance. After selling heavily during the first half of 2023, FPIs deployed Rs 66,134 crore in December alone. It was their highest monthly inflow, surpassing the previous high of Rs 62,016 crore in December 2020. FPIs had invested Rs 9,000 crore in November 2023 in domestic equities.

Suri also said he’s closely tracking defense and railways sector stocks. He said that defense order inflows are strong, and that the execution is in progress.

A long-time favorite of FIIs, financials alone attracted Rs 22,891 crore worth of funds in the first 15 days of the month, shows data pulled from NSDL. Healthcare stocks, which have also been among the list of underdogs, saw the second highest sectoral buying at Rs 3,449 crore.

India Business News: The sensex capped a strong winning week with a 970-point rally on Friday to close above the 71,000-mark for the first time in history. It closed at 71

FIIs who had been bothered by the Indian markets rich valuations and were hoping for a correction to build more substantial positions in the market may see those hopes evaporating, leaving them with the unsavory choice of either staying out of a market that may not correct or may continue to do well or entering the market at current levels despite their reservations about the markets valuations in general, Kotak Equities said.

Foreign portfolio investors bought a net 127.2 billion rupees ($1.53 billion) of bonds in November, the highest since June 2017, data from Clearing Corp of India showed.

JPMorgan Chase & Co. will add Indian government bonds to its benchmark emerging-market index (GBI-EM) starting June 28, 2024

In an exclusive interview with Moneycontrol, global investment guru Mark Mobius said the US rating downgrade will prompt investors to diversify into other areas

Despite the recent surge in foreign buying, foreign ownership levels in EM remain relatively low, indicating further potential for accumulation, says CLSA in a report