Suspense Crime Sach Ka Dam
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Foreign portfolio investors (FPIs) have maintained buying in the new financial year as well. By the first fortnight of May he had collected a total of Rs. 24,939 crore has been procured. NSDL data shows which is the highest purchase in the last six months.
This is the biggest purchase by foreign institutional investors since November 2022. FPIs showed net buying in each of the nine sessions till May 15. US investment firm GQG Partners’ $1.87 billion purchase of Adani group companies was key on the back of buying by foreign institutional investors in March and April. However, overseas institutions showed buying across sectors in May. Thus he had a wide interest. The benchmark Nifty had gained 1.85 per cent in the first week of May. According to experts, a major reason for buying from foreign institutions is the stability seen in Indian macroeconomic indicators. This includes things like strengthening the Goods and Services Tax collection and reducing inflation. In the financial year 2022-23, foreign institutional investors in the financial sector have invested a total of Rs. 29,993 crore shares were sold. While FPIA in May Rs. 8,382 crore was invested. Earnings momentum has been strong in the March quarter, according to reports from leading brokerage firms. Automobile, oil & gas, healthcare and FMCG segments also saw buying in May.
