Vikrant Shekhawat : Feb 19, 2023, 01:41 PM
Foreign Portfolio Investors: The trend of foreign portfolio investors (FPI) is again turning towards the Indian stock market. Last week, FPI invested more than Rs 7,600 crore in the stock market. Last week from 7 to 12 February, FPI had sold shares worth Rs 3,920 crore. Himanshu Srivastava, Associate Director-Manager Research, Morningstar India, told that the trend of FPI has improved as the market has recovered from Adani's tremors.The sale has ended!VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said that it seems that the series of continuous selling that started in India since the beginning of January has stopped. 'However, FPIs can sell again at higher levels.' According to the data, in the week ended February 17, FPIs bought shares worth Rs 7,666 crore net.FPI is looking at the market from a different angleSrivastava said that amid stable economy, strong data and high growth prospects, FPIs are now looking at the market from a different angle. From the beginning of this year till February 10, FPIs were net sellers. During this, he sold shares worth Rs 38,524 crore. This includes the sale of Rs 28,852 crore by him in January. So far this year, FPI has pulled out Rs 30,858 crore net from stocks.