FPI’s invest over Rs 9000 crore in Indian markets
Foreign Portfolio Investment (FPI) continued to invest in Indian stock markets. They have infused Rs 9,800 crore in the Indian stock markets so far in June. Due to the strong growth of Indian economy (GDP Growth) and attractive valuation of shares, foreign investors are investing money in Indian markets.
According to the depository data, during June 1 to 9, FPIs have netted Rs 9,788 crore in stocks. Earlier, they had infused Rs 43,838 crore in shares in May. This was a nine-month high for their investment. FPI investment in stocks stood at Rs 11,630 crore in April 2023 and Rs 7,936 crore in March. Earlier in January-February, they had withdrawn Rs 34,000 crore from stocks.
India became the fifth largest stock market in the world
The Indian stock market has recently once again overtaken France to become the fifth largest stock market in the world. After the report of American firm Hindenburg (24 January 2023), it had slipped to sixth place during January this year due to heavy selling in Adani Group’s shares. But on the basis of the recovery in the shares of Adani Group and the buying done by foreign investors, the Indian stock market has managed to regain its lost position.
1 to 3 lakh crore journey
On May 28, 2007, the Indian stock market achieved a market cap of $1 trillion (lakh crore) i.e. about Rs 82 lakh crore for the first time. But the market had to wait for the next 10 years to touch the market cap of $ 2 lakh crore i.e. 164 lakh crore.
Finally, the wait ended on 16th May 2017, while it took just 4 years to jump from $2 lakh crore to $3 lakh crore i.e. Rs 246 lakh crore. On 24 May 2021, the Indian stock market touched a market cap of $3 trillion for the first time. Not only this, the number of investors in the stock market has also crossed 11 crores to reach 11.44 crores.
