The valuations in China at a PE of 9 is hugely attractive now compared to valuations in India with a PE of around 20 and, therefore, the 'Sell China, Buy India' policy of FPIs cannot continue for long, says V.K. Vijayakumar, Chief Investment .
Foreign portfolio investors show confidence with ₹21,944 crore inflows to indian equities till second week of July livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Even though the recent rally didnt come as a surprise, the ferocity of the rally took most investors by surprise. Broadly, there are two factors driving this rally: one, global and two, domestic. It is important to understand that the ongoing stock market rally is global.
Indian equity market rallies to record levels supported by positive global and domestic cues. Nifty50 touches all-time high, up 15% since March 2023. FII flows and declining inflation contribute to the rally.
The flood of FPI flows into India continues with Rs 21,943 crore of inflows (including bulk deals) till 8th of this month, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.If this trend continues, monthly FPI .