FPIs invest Rs 11,000 cr in Indian equities in first week of September

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FPIs invest Rs 11,000 cr in Indian equities in first week of September - Business Standard

Quick Summary:

Foreign investors infused nearly Rs 11,000 crore in domestic equities in the first week of the month owing to resilience of the Indian market and expectations of rate cut in the US.

However, global factors like US interest rate and geopolitical scenario would continue to be the driving force, Himanshu Srivastava, Associate Director- Manager Research, Morningstar Investment Research India, said.

Foreign Portfolio Investors (FPIs) have been consistently buying equities since June.