2024-03-31 12:37:03
New Delhi: Due to the country’s strong economic foundation amid the challenging global environment, foreign investors have invested more than Rs 2 lakh crore in the Indian stock market in the financial year 2023-24. Bharat Dhawan, managing partner of Mazars in India, said the forecast for FY 2024-25 is cautiously optimistic. FPI inflows are expected to continue due to progressive policy reforms, economic stability and attractive investment opportunities. “While we are mindful of global geopolitical influences that could lead to intermittent volatility, we emphasize the importance of strategic planning and diligence in navigating market volatility,” he said. Naveen KR, smallcase manager and senior director, Windmill Capital, said the prospects for 2024-25 remain strong from an FPI perspective.Bharti Hexacom IPO: Make arrangements for money, IPO of Airtel’s subsidiary company is going to open on this day.
continuously investing
According to depository data, foreign portfolio investors (FPIs) have made a net investment of about Rs 2.08 lakh crore in the Indian equity markets and Rs 1.2 lakh crore in the debt or bond market in the current financial year 2023-24. Overall they invested Rs 3.4 lakh crore in the capital market. This strong comeback has been seen after the net withdrawal from stocks in the last two financial years.
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Because of this, foreign investors are investing
In the financial year 2022-23, FPI had withdrawn a net Rs 37,632 crore from the Indian stock market. Himanshu Srivastava, Associate Director – Research Manager, Morningstar Investment Research India, said the outlook for the market will be influenced by factors such as inflation and interest rate direction, currency position, crude oil prices, geopolitical scenario and strength of the domestic economy in developed markets like the US and UK. FPI inflows remained positive. He said that India’s economy remained stronger and stable amid global economic turmoil, which attracted foreign investors.