Overseas investors rally more than Rs 20,000 crore in September quarter

Mumbai, Ta. October 30, 2019, Monday

In the third quarter of the current calendar year, ie, July to September quarter, Foreign Portfolio Investors (FPIs) withdrew investment of more than Rs. This is the highest pullout since the October-December 1 quarter. These outflows are the highest of the 3 quarters. In the October-December 1 quarter, foreign investors withdrew Rs 5 crore.

According to the latest figures, the FPI has pulled Rs 2 crore from July to September. However, after the government cut corporate taxes, the outflows dropped, an analyst said.

However, in view of the formation of the Modi government at the Center, the FPI infused a net inflow of Rs 1 crore in the first two quarters.

However, some unfavorable advertisements in the Budget had triggered foreign investors' interest and led me to sell equities. However, the sudden fall in corporate tax led foreign investors to become aggressive in buying, and the Sensex saw a sharp rise of two points in two days.

The Monetary Policy Committee meeting of the Reserve Bank is getting a meeting this week, in which the market is expected to get more force if interest rates are cut. The benchmark index Sensex fell two percent on a quarterly basis in the September quarter.

Although most analysts are looking at the medium-to-medium-term boom in the Indian stock market, foreign investors are unlikely to be aggressive enough.

Foreign investors are not currently in a hurry to report any slowdown in demand, due to geopolitical uncertainty and diminished figures of India's economic growth rate.