2023-12-19 21:04:00
Foreign Investors Infuse Nearly Rs 42,745 Crore in Indian Stocks in First Two Weeks of December
New Delhi: In a major boost for the Indian stock market, foreign investors have poured in nearly Rs 42,745 crore worth of investments in the first two weeks of December, according to data. This surge in foreign investments is close to the level of Foreign Direct Investment (FDI) recorded last July and is expected to surpass the previous high of August 2022 if the trend continues.
As of December 15, the total foreign investment for the current year stands at 1.74 lakh crore rupees, marking the highest level of investment since the last financial year in 2021. This substantial increase in foreign investments is being viewed as a positive sign for the Indian economy and the stock market.
The inflow of foreign investments is a testament to the confidence of international investors in the resilience and potential of the Indian economy. It also reflects the attractiveness of Indian stocks for foreign investors despite the challenging global economic scenario.
This surge in foreign investments is expected to provide a fillip to the Indian stock market and further strengthen the country’s position as an attractive investment destination. It is also likely to have a positive impact on the overall economic growth and development initiatives in India.
The government and market experts are closely monitoring the situation and are optimistic about the potential for further advancements in the coming months. The sustained influx of foreign investments is expected to bolster the Indian economy and provide impetus for various sectors, contributing to the overall growth and development of the country.
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