New Delhi. There was huge investment in the Indian stock market in the last 3 months and Nifty-Sensex touched record levels. There was tremendous growth in the market in the last 2-3 trading sessions. Last Thursday, on the day of expiry, Nifty and Sensex rose by more than 1 percent. Nifty again touched the level of 22500. There is a curiosity in the minds of common investors to know what happened in the stock market that there was such a tremendous rise during this period. The biggest reason for this is the purchases made by foreign and domestic institutional investors. 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 that the forecast for financial year 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 may cause intermittent volatility, we emphasize the importance of strategic planning and agility in dealing with market fluctuations,” he said. “
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Invested money in debt and bond markets also
Naveen KR, Small Case Manager and Senior Director, Windmill Capital, said that from the FPI perspective, the prospects for 2024-25 remain strong. According to depository data, in the current financial year 2023-24, 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 markets. Overall he invested Rs 3.4 lakh crore in the capital market. This strong return has been seen after the net withdrawal from shares in the last two financial years.
In the financial year 2022-23, FPI had withdrawn a net Rs 37,632 crore from the Indian stock market.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 that in developed markets like the US and UK, 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. FPI inflows remained positive. He said that amidst global economic turmoil, India's economy remained stronger and stable, which attracted foreign investors.
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Tags: BSE Sensex, Business news in hindi, Nifty50, Stock market today
FIRST PUBLISHED : March 29, 2024, 4:33 PM IST
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