Foreign portfolio investors have invested Rs 3,117 crore so far in January, read what is the reason

Foreign portfolio investors (FPIs) have poured Rs 3,117 crore into the Indian markets so far in January.

Foreign portfolio investors (FPIs) have poured Rs 3,117 crore into the Indian markets so far in January after three consecutive months of selling. According to depository data, FPIs poured Rs 1,857 crore into equities and Rs 1,743 crore in hybrid products between January 1 and 14. With this, he pulled out Rs 482 crore from the debt segment, leaving the net investment at Rs 3,117 crore. Earlier, from October 2021, he had made a net sell in the Indian markets for three consecutive months.

VK Vijay Kumar, Chief Investment Strategist, Geojit Financial Services, said the stock has risen in January on the back of good results from IT majors. The same is expected to happen in the finance sector as well.

What do experts say?

Himanshu Srivastava, assistant director-manager research at Morning Star India, said that FPIs have currently taken a cautious approach regarding the Indian stock market. Talking about the debt segment, he said that FPIs have not been making significant investments in the Indian debt market for a long time and the same trend continues.

Let us tell you that the direction of the stock markets will be decided this week by the results of the third quarter of December 2021 of some big companies. Analysts have expressed this opinion. During the week, some other companies including Reliance Industries, Hindustan Unilever and Bajaj Finance will announce their third quarter results. Analysts said that apart from this, the situation of Kovid-19, global market, investment trend of foreign institutional investors (FIIs), rupee-dollar volatility and Brent crude oil prices will also give direction to the market.

Ajit Mishra, Vice President – Research, Religare Broking said that the quarterly results season will pick up pace this week. Market participants will watch the earnings statements of some top companies like Reliance, UltraTech Cement, Bajaj Auto, JSW Steel, Bajaj Finance, Asian Paints, Hindustan Unilever. Earlier on Monday, the market would react to the quarterly results of HCL Technologies and HDFC Bank.

The quarterly results of Ceat and Bajaj Finserv are also due during the week. Last week, the 30-share BSE Sensex was up 1,478.38 points or 2.47 per cent.

Vinod Nair, Head of Research, Geojit Financial Services said that this week the domestic market will focus on the quarterly results. Banking and financial sector will remain in the main focus. Apart from this, the direction of the market will also be decided by the developments related to Kovid-19.

(with PTI input)

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