FPIs invest Rs 30,772 cr in equities in July so far on sustained growth

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Foreign investors injected Rs 30,772 crore into Indian equities so far this month, driven by hopes of continued policy reforms, sustained economic growth and a better-than-expected earnings season.

Going forward, if the recent trend of weakness in dollar and bond yields persists, FPIs are likely to continue their buying in the market, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Domestic and foreign investors are keenly watching for possible tweaks in the long-term capital gains tax in the Budget to be presented on July 23, he added.

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Category: BusinessFinance

Markets: IndiaBrazilIndonesiaSouth KoreaMalaysiaMauritiusPhilippinesTaiwanThailandVietnam

Topics: Indian equities Economic growth Equities Foreign portfolio investor FPIs

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Article Type: News Report

Published On: 2024-07-21 @ 11:21:32 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 448 words

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