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New Delhi : Despite the ongoing tension between India and Pakistan, a very good news of the Indian stock market is coming. It is being told that even in this situation of tension, foreign portfolio investors ie FPI have expressed confidence in the stock market. Also, so far this month has purchased shares worth Rs 14,167 crore through FPI. FPIs are investing in the stock market due to favorable global stance and strong domestic base.

The most important thing is that even after military tension between India and Pakistan, the FPIs are investing in the Indian market. Depository data shows that in April the FPI had inserted Rs 4,223 crore in the Indian stock market. This was his first investment after 3 months. Earlier, foreign portfolio investors ie FPI had withdrawn Rs 3,973 crore from shares in March, Rs 34,574 crore in February and Rs 78,027 crore in January.

VK Vijaykumar, the main investment strategist at the Jiojit Investment, said that the FPI will remain attracted to the Indian market due to the moving Macro global factor such as dollar fall, lethargy in the US and Chinese economy and GDP’s high growth rate, decreasing inflation and repo rate on GDP’s high growth rate, declining inflation and repo rate. However, he said that bonds or debt flows are expected to be very low.

According to depository data, foreign portfolio investors have pure Rs 14,167 crore in shares by 9th of this month. In this way, the withdrawal of FPI has now come down to Rs 98,184 crore in the current year.

FPI activities in the Indian stock market have improved in April. It is believed that this stance may continue in May as well. Research Himanshu Srivastava, Associate Director-Manager of Morningstar Investment, has said that favorable global factor and strong domestic foundation have increased the trust of investors. He said that a possible trade agreement between Indo-US, weakness in US dollar, firmly in Indian rupee has increased the attraction of Indian assets to global investors.

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Apart from this, the good quarterly results of some big companies in India have also improved the perception of FPI. VK Vijaykumar of Jiojit Investments said, “In recent times, the specialty of FPI investment has been that he has constantly purchased. He has bought shares worth Rs 48,533 crore in 16 trading sessions ended on May 8. However, he sold shares worth Rs 3,798 crore after the India-Pakistan dispute escalated on May 9. According to the data, FPI has withdrawn Rs 3,725 crore from bonds under review period general limit, while invested Rs 1,160 crore from voluntary retention route.