Foreign Investors Pump Over ₹57,000 Crore into Indian Equities Markets Till September

In a remarkable surge, foreign investors poured in a massive ₹57,724 crore into the Indian equity markets by the end of September 2024, marking the highest monthly influx in the last nine months. According to data from depositories, this significant investment underscores the growing confidence of Foreign Portfolio Investors (FPIs) in India’s economic resilience and growth potential.

Besides their substantial equity investments, FPIs also invested ₹1,299 crore into the debt markets, bringing the total net investment in the Indian capital markets to an impressive ₹59,023 crore for the month. This influx highlights India’s growing appeal as an attractive investment destination, driven by robust economic indicators and positive investor sentiment.

The continuous FPI inflows have had a positive impact on market liquidity and stock prices, with many experts pointing to India’s improving macroeconomic fundamentals as a key driver. With global uncertainties looming, India’s relative economic stability has been a magnet for foreign investments, ensuring a steady stream of capital into its markets.

As we move forward, analysts will be closely monitoring whether this trend continues, especially given the complex global economic environment. For now, however, the strong FPI inflow is a positive signal for India’s capital markets and broader economy.

WEDNESDAY TOP 2 STOCK PICK IDEAS

WEDNESDAY STOCK PICK IDEA FOR TRADE

1. MUTHOOT FINANCE LOOKS TECHNICALLY GOOD as the stock closed above 1483.15 the stock gained more than 4 % on tuesday’s trade.

We seen a sharp rise in the chart price as the stock closed on 1424 levels on monday  closing down by -0.7 % technically the stock can move upside with a target price of 1530  in coming days as the stock is approaching to its extreme resistance zone with today’s positive closing the stock can scale up to levels of 1530 from the tuesday’s close in coming 1-2 weeks  and can see support at 1452 on closing basis.

  • ICICI PRUDENTIAL on Tuesday the stock closed at 599.90 up +3.1% there are strong chances that stock will move towards the  strong resistance zone at 622 if the stock is able to break this level the stock can make new highs with target of 800 in coming months with strong support zone at 530 on closing basis.