FPI Investment News: Foreign investors have increased confidence in the Indian market! Strong investment made in the financial sector in November – fpi investment news

New Delhi: Foreign portfolio investors (FPIs) have increased confidence in the Indian market. This time foreign investors have bet on the financial sector. Foreign investors have infused a net investment of Rs 14,205 crore ($2.1 billion) into the Indian financial services sector in November, leaving the sector in a better position. In October, there was a net outflow of Rs 4,686 crore from the financial services sector due to profit-booking by FPIs. Now after this, strong investment has come in November. Data from the National Securities Depository Ltd (NSDL) showed that FPIs made a net investment of Rs 36,238 crore in domestic equity markets overall in November. Of this, net investment of Rs 14,205 crore has been in the financial services sector only. This stood at 39 per cent of the total monthly investments made by FPIs in equities. Most of the purchases took place in the first fortnight of November.

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Financial sector reaching a strong position
Manish Chowdhary, head of research at Stocksbox, said the financial services sector has now recovered from a weak phase and its performance has improved on the back of strong growth in loan growth and manageable non-performing loan portfolio. Bajaj Capital Chairman and Managing Director Rajiv Bajaj said the loan growth rate has been 17 per cent. At the same time, capital expenditure of companies is gradually improving after being at a decade low and the initial signs are quite encouraging.

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2nd most preferred sector
The financial services sector had assets of Rs 16.13 lakh crore at the end of November. The FMCG sector, which manufactures daily consumption products, has emerged as the second most preferred sector in terms of attracting FPI investments with a net investment of Rs 3,956 crore. There was a net investment of Rs 3,859 crore in information technology, Rs 3,051 crore in the automobile industry and Rs 2,774 crore in the oil and gas sector.