Foreign investors pour over Rs 12,000 cr in Indian equity in last 10 days
The increase in the amount of money coming into the market has helped benchmark indices to rise sharply and rupee to appreciate against the US.
"There is a complete reversal of
The flows has turned positive in the Indian market nearly after nine months. Foreign investors invested around Rs 4,980 crore in July in the Indian equity markets. This comes after heavy sell-off by these entities of around Rs 50,203 crore in June.
According to the data NSDL data, investment of foreign investors in July month stood at Rs 4,989 crore, as compared to over Rs 50,000 crore outflows in June, Rs 39,993 crore in May and Rs 17,144 crore in April.
The domestic benchmark indices have also risen sharply during the last few days. The Sensex has risen more than 2500 points and
Experts said that the foreign investors have turned buyers in sectors like capital goods, FMCG, construction and power sectors.
Meanwhile, the rupee has also appreciated sharply after depreciating to a record low last month. At 1.30 p.m., in the interbank foreign exchange market, rupee is trading at 79.44 against the US dollar, up 8 paise from its previous close.
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