2 hrs ago
Global Cues, FII Flows and Oil to Drive Stocks
India’s stock market may be influenced by events around the world next week.
One important factor is whether foreign investors continue buying Indian shares.
They brought Rs 2,374 crore into Indian equities during the first four days of September.
Foreign investors had also bought more Indian shares than they sold in July and August.
An investment expert expects this positive trend to continue.
Investors are also watching oil prices and other global signals.
The chip trade has slowed down, and investors have been selling chip companies in South Korea and Taiwan.
Some of that money may be moving toward Indian stocks.
Dr. V K Vijayakumar expects net positive FPI inflows into India to continue in September.
India recorded net FPI equity inflows of Rs 2,374 crore during September’s first four days.
FPI inflows were also net positive in July and August.
The tapering of the chip trade has contributed to changing investor flows.
FPIs have become consistent sellers of chip stocks in South Korea and Taiwan, helping redirect flows toward India.
- Who
- Foreign portfolio investors and Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Investments Limited.
- What
- Indian equities recorded net FPI inflows of Rs 2,374 crore in September’s first four days, with positive inflows expected to continue.
- Where
- India, with comparisons involving chip stocks in South Korea and Taiwan.
- When
- The report discusses the outlook for next week and inflows during the first four days of September; July and August also saw net positive inflows.
- Why
- The tapering of the chip trade and FPI selling of chip stocks in South Korea and Taiwan have helped bring foreign investors back to India.
Key facts
- September FPI inflows
- Rs 2,374 crore net into Indian equities during the first four days.
- Earlier monthly trend
- Net FPI inflows into India were positive in July and August.
- Expected trend
- Dr. V K Vijayakumar expects net positive FPI inflows to continue in September.
- Chip trade
- The chip trade is described as tapering.
- South Korea and Taiwan
- FPIs have become consistent sellers of chip stocks in both markets.
- Company quoted
- Geojit Investments Limited.
Quotes
Dr. V K Vijayakumar
Chief Investment Strategist at Geojit Investments Limited
“Early indications suggest the trend of net positive FPI inflows into India continuing in September after the net positive inflows in July and August.”
timesnownews.com
Sources
Related news
Foreign Investors Sell ₹8,731 Crore in Indian Equities
Rupee, Foreign Investors and Crude Oil to Drive Markets
Foreign Investors Extend Indian Equity Buying Streak in August
FPIs continue buying spree, invest ₹12,921 crore in Indian equities
Asian Cues, Crude Prices Shape Sensex, Nifty Outlook Monday
Foreign Portfolio Investors Buy ₹30,918 Crore as Markets Stay Cautious
How We Disappeared Remembers Singapore’s Comfort Women
Uttar Pradesh Invites Taiwanese Firms for Semiconductor Investments
