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Share Market Updates: Foreign financial institutions in the role of “Santa Claus”! Foreign investors spent $1 billion on Indian stocks in December details here

Share Market Updates: Foreign financial institutions in the role of “Santa Claus”! Foreign investors spent $1 billion on Indian stocks in December details here

Share Market Updates: Foreign financial institutions or “foreign institutional investors” were the net sellers in the Indian stock market last November. According to NSDL data, they sold shares worth around Rs 3,150 crore in the real estate sector alone.

But the reverse image was seen in December. Today, ahead of the Christmas and New Year holidays, foreign investment in the Indian stock market stands at around $1 billion, according to statistics.

The data also reveals that this amount of investment was only made in the last 15 days. Naturally, investors were curious to know which foreign financial institutions invested this huge amount in which sector?

Foreign investment was mainly in consumer services (Tk 2,676 crore), FMCG (Tk 2,649 crore), capital goods (Tk 1,984 crore) and metals and mining (Tk 1,391 crore). Tk), according to statistics.

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On the other hand, foreign financial institutions sold shares in oil and gas (2,230 crore), IT (1,314 crore) and power (1,087 crore).

Foreign financial institutions have been net buyers for 4 months so far in fiscal year 2022. These 4 months are – July, August, November and December.
And so far, foreign investment outflows have been Rs 1.2 lakh crore.

santa claus gathering

file picture.

Due to this exit, the rupee fell against the dollar. The rupee has so far depreciated by 11% against the dollar.

However, in the current situation of the international stock market, investors are focusing their attention from the international stock market to the domestic market. It becomes clear by buying shares of foreign financial institutions.

Among the major indexes, Nifty FMCG is the only sector that managed to hold its own despite the flight of foreign investment last month.

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Analyzing the situation, experts say that this sector will also give good returns in 2023. Because the accessibility situation in the urban areas of the country looks positive so far. Experts believe that the purchasing power of rural areas will also increase.

On the other hand, the worst situation in 2022 is the IT sector. Investment in this sector is very low. Investments in the whole sector are very low, except in equities. Some experts fear that this disaster will continue in the future.

However, the stock market situation so far could change drastically if the corona infection spreads. That’s what the experts warn.

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