‘Bullish’ Foreign Investors In The Indian Market, 3 Billion Dollars Invested

‘Bullish’ foreign investors in the Indian market, 3 billion dollars invested in 10 trading sessions, money invested in these sectors.

Foreign investors continue to buy in the Indian stock market. Foreign Institutional Investors (FIIs) invested $3 billion in the last 10 trading sessions.

According to NSDL data, between October 20 and November 2, FIIs bought $2.74 billion in the equity market.

At the same time, according to the data of the National Stock Exchange, on November 3, foreign investors made purchases of Rs 677 crore.

Last month in October, there was volatility in the market, but in the last few sessions the market is trading with an edge and it has crossed the level of 18 thousand.

Between October 1 and October 13, both the Sensex and Nifty recorded a fall of about 0.5 percent, but since then they started showing an upward trend.

Purchases made in these sectors.

During this period, shares of banks, oil-energy, auto, realty, health services, telecom, and consumer durable sectors were seen buying by foreign investors.

Besides, the index of industrial production rose by 7.9 percent in September as against a revised rate of 4.1 percent a month ago.

Growth was at a seven-month low in August but improved performance in September due to good growth in the production of cement, coal, and electricity.

At the same time, the manufacturing PMI in India also performed better, which increased to 55.3 in October, from 55.1 in September.

The GST collection in October stood at Rs 1.52 trillion, which is the second-largest collection ever.

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Excited by India’s better macroeconomic data.

Auto sales also witnessed tremendous growth in October. During the festive season, consumers shop heavily. Several car makers saw record growth in their sales.

Overall, due to the strength of economic indicators in India, the market remains bullish and foreign investors continue to buy, say market experts.

Domestic demand has improved due to an increase in consumption during the festive season.

Production growth of core industries also improved in September, and GST (Goods and Services Tax) collections are on track to reach new highs for October.

Apart from this, investor confidence has also increased due to better-than-expected earnings of Indian companies in the third quarter.

Almost half of the 50 companies in Nifty have released their results. Out of these, the results of more than 17 companies have been better than expected.