FIIs pump in Rs 21,000 crore in March; inflows set to rise further
Foreign institutional investors have pumped in Rs 21,171 crore in March so far. Their net investment stood at Rs 9,902 crore in February, according to the data available with depository NSDL.
They were net buyers in the previous trading session and bought shares worth Rs 210.57 crore on Thursday with gross purchases and gross sales of Rs 6,619.87 crore and Rs 6,409.3 crore, respectively.
Anand Rathi Research in a note said, “FDI and FII inflows are likely to increase due to the improvement in economic fundamentals. This would continue to strengthen the exchange rate.”
Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments said, “FIIs have showcased their incremental interest in the Indian market on account of expectation of several bold steps to be taken as well as optimism of more reform in the future.”
Benchmark equity index, BSE Sensex was trading 110.02 points, up at 29,442.18 in the afternoon trade on Friday. The NSE Nifty50 index was up 27.25 points at 9113.55.
In the Nifty50 index, Bank of Baroda (4.35 per cent), ICICI Bank (2.98 per cent), SBI (2.40 per cent), ITC (1.28 per cent), Aurobindo Pharma (1.04 per cent), Hindalco Inds. (0.88 per cent), GAIL (0.80 per cent), YES Bank (0.76 per cent), Coal India Ltd (0.76 per cent) and Bharti Airtel (0.68 per cent) were trading in green
On the other hand, Grasim Industries (2.01 per cent), Tech Mahindra (1.37 per cent), Infosys (0.88 per cent), TCS (0.76 per cent), BPCL (0.73 per cent), Adani Ports SEZ (0.69 per cent), Bajaj Auto (0.55 per cent), Cipla (0.53 per cent), Zee Entertainment (0.53 per cent), HCL Tech (0.48 per cent) were among top losers around 1.05 pm (IST).
They were net buyers in the previous trading session and bought shares worth Rs 210.57 crore on Thursday with gross purchases and gross sales of Rs 6,619.87 crore and Rs 6,409.3 crore, respectively.
Anand Rathi Research in a note said, “FDI and FII inflows are likely to increase due to the improvement in economic fundamentals. This would continue to strengthen the exchange rate.”
Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments said, “FIIs have showcased their incremental interest in the Indian market on account of expectation of several bold steps to be taken as well as optimism of more reform in the future.”
Benchmark equity index, BSE Sensex was trading 110.02 points, up at 29,442.18 in the afternoon trade on Friday. The NSE Nifty50 index was up 27.25 points at 9113.55.
In the Nifty50 index, Bank of Baroda (4.35 per cent), ICICI Bank (2.98 per cent), SBI (2.40 per cent), ITC (1.28 per cent), Aurobindo Pharma (1.04 per cent), Hindalco Inds. (0.88 per cent), GAIL (0.80 per cent), YES Bank (0.76 per cent), Coal India Ltd (0.76 per cent) and Bharti Airtel (0.68 per cent) were trading in green
On the other hand, Grasim Industries (2.01 per cent), Tech Mahindra (1.37 per cent), Infosys (0.88 per cent), TCS (0.76 per cent), BPCL (0.73 per cent), Adani Ports SEZ (0.69 per cent), Bajaj Auto (0.55 per cent), Cipla (0.53 per cent), Zee Entertainment (0.53 per cent), HCL Tech (0.48 per cent) were among top losers around 1.05 pm (IST).
