News Arena

Home

Nation

States

International

Politics

Opinion

Economy

Sports

Entertainment

Trending:

Home
/

fpi-selling-fails-to-impact-indian-market-as-diis-step-in

Economy

FPI selling fails to impact Indian market as DIIs step in

Despite foreign portfolio investors selling equity worth Rs 58,710 crore until October 11, the market remained largely unaffected, as domestic institutional investors absorbed the selling and continued to receive steady fund inflows.

News Arena Network - New Delhi - UPDATED: October 12, 2024, 06:50 PM - 2 min read


Foreign portfolio investors (FPIs) sold equities worth Rs 58,710 crore as of October 11, but the substantial selling has not significantly impacted the market, according to market experts on Saturday.

 

Analysts noted that domestic institutional investors (DIIs) absorbed the selling, benefiting from sustained fund inflows. The prevailing trend for FPIs in October has been consistent selling, while DIIs continue to buy, a pattern that is expected to persist in the near term.

 

Despite the heavy selling in Indian markets, FPIs have shifted their focus to cheaper Chinese stocks. However, market observers argue that India presents better growth prospects than China, warranting premium valuations for Indian equities.

 

Sector-wise, the Indian stock market displayed mixed trends, with buying activity observed in pharmaceuticals, metals, and IT. The earnings season commenced with IT giant Tata Consultancy Services (TCS) reporting numbers in line with expectations.

 

Attention now turns to Infosys, which is set to announce its results next week, alongside other significant companies such as HDFC Life, Axis Bank, Wipro, and LTIMindtree.

 

Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, noted that heavyweights in the market are likely to attract attention. Following a sharp decline last week, the Nifty index consolidated and traded sideways amid ongoing selling by FPIs and a lack of significant triggers.

 

He added that the market is expected to consolidate at higher levels, influenced by global factors and upcoming earnings reports.

 

In a separate note, India mourned the passing of business icon Ratan Tata, who died at the age of 86. During his tenure, the Tata Group underwent a remarkable transformation, with profits soaring 51 times and market capitalisation increasing 33 times to over Rs 33.17 lakh crore.

TOP CATEGORIES

  • Nation

QUICK LINKS

About us Rss FeedSitemapPrivacy PolicyTerms & Condition
logo

2025 News Arena India Pvt Ltd | All rights reserved | The Ideaz Factory