FPI: So far in July, foreign investors have bought shares worth Rs 30772 crore, invested Rs 13,573 crore in the bond market

Due to the expectation of continued policy reforms, sustained economic growth and better quarterly results of companies, foreign investors i.e. FPIs have maintained their confidence in the Indian stock market. So far in July, foreign investors have bought shares worth Rs 30,772 crore. Apart from shares, FPIs invested Rs 13,573 crore in the debt market i.e. bond market during this period.

Foreign investors are getting more and more confident about the Indian market

According to the data of the depository, foreign investors invested Rs 30,772 crore in shares till July 19 this month. Earlier in June, FPIs had invested Rs 26,565 crore in shares. At the same time, due to confusion about the elections, foreign investors withdrew Rs 25,586 crore from the stock market in May. Due to changes in India’s tax treaty with Mauritius and concerns about rising bond yields in the US, FPIs withdrew more than Rs 8,700 crore from shares in April. Earlier, FPIs had made a net investment of Rs 35,098 crore in shares in March and Rs 1,539 crore in February, while in January they withdrew Rs 25,743 crore. Overall, the total investment of foreign investors in the Indian stock market this year has reached Rs 33,995 crore.

Also read: Market Cap: The market cap of these 8 companies including TCS, LIC increased by 2.10 lakh crores, Reliance Industries and HDFC Bank caused losses

So many crores have been invested in the bond market so far

Apart from shares, FPIs invested Rs 13,573 crore in the bond market till July 19 this month. Earlier in June, foreign investors had invested Rs 14,955 crore in the bond market. In May 2024, FPIs had invested Rs 8,761 crore. In April this year, FPIs had withdrawn Rs 10,949 crore from the bond markets. In the bond market, foreign investors had invested Rs 13,602 crore in March, Rs 22,419 crore in February and Rs 19,836 crore in January. Overall, so far in 2024, foreign investors have invested Rs 82,197 crore in the bond market.

Also read: Market Outlook: The general budget, quarterly results of companies and global trends will decide the market direction this week, expert’s opinion

Himanshu Srivastava, Associate Director-Manager (Research), Morningstar Investment Research India, said that apart from this, the expectation of the budget being reform-oriented has strengthened investor sentiment. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said that if the recent trend of softening of dollar and bond yields continues in the future, then FPIs will continue to buy in the Indian market. He said that domestic and foreign investors are keenly watching the possible changes in long-term capital gains tax in the budget to be presented on July 23.