However, amid surging
The net FPI
The bull run in the Indian equities was brought to a halt last month by a surge in the US bond yields. High bond yields are likely to impact the market in the near future too, analysts said.
Rusmik
He noted that expectation of inflation acceleration and strong US economic growth has led to rise in bond yields. Globally rising bond yields are putting pressure on richly valued sectors and companies, Oza said.
However, the inflow of FPIs into equities stood at a record ₹2.74 lakh crore in the financial year ended March 2021. The net inflow during January-March 2021 stood at ₹55,742 crore.
"The massive fiscal stimulus by governments and monetary stimulus by central banks has led to inflows into select emerging markets. India has been the biggest recipient of FPI flows in FY21 amongst emerging markets because of the stronger recovery in the economy and surprise in earnings growth," said Oza.
SEE ALSO:
NASA estimates the pandemic ballooned costs by $3 billion — here are the projects to take the biggest hit
A $5.5 billion British fintech start up may have 200 jobs to offer in India
For Revolut, India is just the first in a series of countries it plans to enter in the next 18 months