Foreign portfolio investors bullish on Indian markets, pumps Rs 23,786 crore since June 10 ...Middle East

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New Delhi: Buoyed by the policy and reform continuity, foreign portfolio investors (FPIs) have altered their position in the equity market following the election results, injecting Rs 23,786 crore since June 10, industry analysts said on Saturday. There are three primary reasons for this positive inflow. “First, the continuity of the government assures ongoing reforms. Second, the Chinese economy is decelerating, as evidenced by a 12 per cent decline in copper prices over the past month,” said Sunil Damania, Chief Investment Officer, MojoPMS. Third, certain block deals in the market have been eagerly taken up by FPIs. “However, these FPI inflows are concentrated in a select few stocks rathe

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Last updated : 22 June 2024 clock 02:41 PM

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Foreign portfolio investors bullish on Indian markets, pumps Rs 23,786 crore since June 10 ...Middle East

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