Updated:
April 06, 2021 13:21 IST
This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, says Finance Ministry
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The Finance Ministry on April 6, 2021, said India witnessed strong Foreign Portfolio Investment (FPI) inflows into the equity markets to the tune of ₹2,74,034 crore during 2020-21, despite the outbreak of COVID-19. Picture used for representational purpose only. | Photo Credit:
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This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, says Finance Ministry The Finance Ministry on Tuesday said India witnessed strong Foreign Portfolio Investment (FPI) inflows into the equity markets to the tune of ₹2,74,034 crore during 2020-21, despite the outbreak of COVID-19.
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The Indian equity market surged on Monday morning with the BSE Sensex crossing the 52,000 mark for the first time ever. Around 9.56 a.m., Sensex was trading at 52,053.80, higher by 509.50 points or 0.99 per cent from its previous close of 51,544.30.
It opened at 51,907.75 and has so far touched an intra-day high of 52,110.74 and a low of 51,886.46 points. The Nifty50 on the National Stock Exchange was trading at 15,294.95, higher by 131.65 points or 0.87 per cent from its previous close.
The rise in the Indian indices came on the back of positive global cues
Healthy buying in the banking, finance and telecom stocks also supported the market.
Foreign institutional investors (FIIs) have infused Rs 1.51 lakh crore into Indian equity markets since they hit multi-year lows in March last year. On March 23, 2020, Sensex plunged to its four-year low and logged its highest losses ever after rising num