bullish market: FPIs elevate bullish bets as India outperformance picks up tempo

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The Nifty 50 is up 13% within the final six months – the very best amongst main indices, whereas the foreign money adjusted return stood at 4% – one in all main within the EM house.

Synopsis

The six-month rolling cumulative influx of FPIs has turned optimistic for the primary time in a 12 months at ₹34,539 crore ($4.14 billion) on the finish of November 2022, knowledge from NSDL present. This six-month rolling cumulative studying was the very best in 14 months as abroad traders invested $10 billion (₹84,799 crore) within the earlier 5 months – the very best among the many main rising markets in the identical interval.

ET Intelligence Group: A pointy outperformance of Indian equities aided by a world-beating rally is popping overseas portfolio traders (FPIs) to lift bullish bets on Asia’s third-largest financial system. International fund circulate helps Indian indices maintain momentum when home influx is moderating.

The six-month rolling cumulative influx of FPIs has turned optimistic for the primary time in a 12 months at ₹34,539 crore ($4.14 billion) on the finish of November

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