FPIs invest ₹13,540 crore in Indian stocks in 7 days driven by Adani Group's mega block deal
As per NSDL data, FPIs infused ₹13,540 crore in Indian equities from March 1st to 10th
Foreign portfolio investors (FPIs) are net buyers so far in March.
As of now, the month has recorded seven trading sessions and these days FPIs pumped in ₹13,540 crore in Indian equities.
This includes the mega block deal in four companies of the Adani Group. Going ahead, FPIs are expected to likely hold a cautious tone in their approach to the market due to the crisis in Silicon Valley Bank.
As per NSDL data, FPIs infused ₹13,540 crore in Indian equities from March 1st to 10th.
Trading in the Indian market was held between March 1-3, March 6th, and then March 8-10. Markets were closed on March 4-5 due to the weekend, and on March 7th owing to the Holi festival.
Foreign portfolio investors (FPIs) are net buyers so far in March. As of now, the month has recorded seven trading sessions and these days FPIs pumped in ₹13,540 crore in Indian equities.
This includes the mega block deal in four companies of the Adani Group. Going ahead, FPIs are expected to likely hold a cautious tone in their approach to the market.
As per NSDL data, FPIs infused ₹13,540 crore in Indian equities from March 1st to 10th.
Trading in the Indian market was held between March 1-3, March 6th, and then March 8-10. Markets were closed on March 4-5 due to the weekend, and on March 7th owing to the Holi festival.
It is most likely that the majority of the buying from FPIs came between March 1st to 3rd after the mega block deal in Adani companies. In the week that ended March 3rd, NSDL data showed that FPIs infused ₹8,939 crore in the equities.
During that week, mega-buying from foreign investors in Adani Enterprises, Adani Green Energy, Adani Ports, and Adani Transmission lifted overall market sentiments.
US-based GQG Partners purchased equity shares in these Adani companies for a massive ₹15,446 crore in a series of secondary block deals.
