NEW DELHI: Foreign Portfolio Investor (FPI) investment in the Indian stock market reached an all-time high this week, with net investments amounting to Rs 23,659.55 crore, according to the National Securities Depository Limited (NSDL) data.
FPIs infused the highest investment of Rs 15, 181 crore on Monday and trend continued throughout the week, with Friday’s net investment reaching Rs 8,537 crore.Additionally, the total FPI investment has crossed Rs, 57,300 crore in September.
“FIIs have invested Rs 57359 crores so far in September with investment through the exchanges alone touching Rs 46480 crores. Total investment by FIIs so far in 2024 now stands at Rs 100245 crores. This has contributed to the stability in INR this year,” said V K Vijayakumar, chief investment strategist at Geojit Financial Services.
Meanwhile, Domestic Institutional Investors (DII) also demonstrated strong investment this week, pumping Rs 15,961.71 crore into Indian stocks.
The lowering of interest rates by the US Fed has led to increased liquidity inflow into Indian markets. The consistent investment by foreign investors underscores the growing confidence in India’s stock markets, with many aiming to benefit from the country’s robust economic growth and favorable market conditions.
Earlier, the net foreign investment in the Indian equity market in August decreased to Rs 7,322 crore, the lowest monthly investment in the past three months while they invested Rs 32,359 crore in July, as per NSDL data.