Foreign investors put in 1210 crores so far in August amid the continued boom in the stock market

FPI in August: In July, foreign portfolio investors withdrew a net Rs 7273 crore in the stock market. In August so far, foreign investors have invested 1210 crores.

After withdrawal in July, FPIs were buying in August.

Foreign portfolio investors (FPIs) have poured Rs 1,210 crore into the Indian markets in the first five trading sessions of August. According to depository data, during August 2-6, FPIs have invested Rs 975 crore in shares. His investment in the debt or bond market has been Rs 235 crore. In this way his net investment has been Rs 1,210 crore. In July, FPIs had withdrawn Rs 7,273 crore.

Shrikant Chauhan, Executive Vice President, Equity Technical Research, Kotak Securities said, “The market is buoyed by several domestic indicators such as improvement in PMI, reduction in unemployment rate in CMIE survey and improvement in GST collections. However, there is concern in the global markets about the third wave of the pandemic.” However, Himanshu Srivastava, Associate Director-Manager Research, Morningstar India, said that these figures do not indicate a change in trend as of now.

FPIs are booking profits at regular intervals

Srivastava said, “FPIs are staying away from Indian stocks due to high valuations, rise in oil prices, strong dollar. The market is at its all-time high. In such a situation, FPIs are also reaping profits at regular intervals. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “The return of FPIs has increased the demand for stocks of large companies.”

Dollar index rises, crude oil falls sharply

On the last day of this week, the dollar index gained +0.57% and closed at 92.780 level. It registered a rise of 0.66 percent on a weekly basis. The 10-year US bond yield closed at 1.305 per cent with a gain of +1.34% on Friday. It registered a rise of 6.50 percent on a weekly basis. Crude oil fell heavily on the last day of this week. It closed down by $ 0.99 (-1.39%) at $ 70.30 per barrel. Crude oil declined by 7.38 percent on a weekly basis.

Sensex jumped 1690 points last week

Last week, the 30-share BSE Sensex rose 1,690.88 points or 3.21 per cent. On August 5, the Sensex reached its all-time high of 54,717.24 points. The market cap of 9 out of the top 10 companies of Sensex increased by Rs 2,22,591.01 crore last week. Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank and HDFC were among the biggest gainers. Reliance Industries retained the first position in the top 10 companies.

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