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Foreign portfolio investors (FPIs) infused Rs 11,630 crore in the Indian equity markets in April on the reasonable valuation of stocks and appreciation in the rupee. This came after FPIs infused a net sum of Rs 7,936 crore in equities in March, mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. However, if one adjusts for the investments of GQG in Adani Group, the net flow was negative.
India’s Orios Venture Partners is targeting a total corpus of $120 million for its latest fund as it looks to ramp up investments in early-stage startups.
Nifty Bank breached its recent swing high of 41,850 and has been able to sustain above this mark with ease, say experts
The MPC also maintained the 'withdrawal of accommodation' stance, highlighting its readiness to act should the situation so warrant.
Since May last year, the central bank has increased the rate by 250 bps over inflation concerns. This is contrast to what many economists had predicted.