FPIs scale up buying Indian stocks after meeting with Modi
Synopsis
Foreign Portfolio Investors (FPIs) have stepped up purchases of Indian stocks in the past six trading sessions following a meeting between Prime Minister Narendra Modi and top overseas funds on November 5.
Mumbai: Foreign Portfolio Investors (FPIs) have stepped up purchases of Indian stocks in the past six trading sessions following a meeting between Prime Minister Narendra Modi and top overseas funds on November 5. These investors have pumped in close to Rs 30,200 crore since the meeting — where the government showcased recent reforms — as against Rs 21,826 crore in the whole of October ahead of an increase in India’s weightage on the MSCI
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