He said that India is leading the way in terms of possible long-term investments for the international fraternity. Three factors, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, are responsible for the recent surge in interest in Indian equities: the strength of the Indian markets, a continuous decline in US bond yields (the 10-year yield has fallen from 4.3% to 4.08%), and robust GDP growth.
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Foreign Portfolio Investors (FPIs) are becoming more dependable purchasers as they have invested Rs 6,139 crore in Indian stocks this month due to robust economic development, robust markets, and a drop in US bond rates. According to data from the depositories, this occurred after a small investment of Rs 1,539 crore in February and a significant outflow of Rs 25,743 crore in January.
Comparing FPI inflows to the prior month, a favorable trend has been observed. Manoj Purohit, Partner and Leader – FS Tax, Tax and Regulatory Services, BDO India, stated that the Indian equities market is seeing a positive trend due to the recent publication of Q3 GDP numbers of 8.4% and the consistent performance of large Indian corporates.