Continuing to buy in Indian markets, foreign portfolio investors (REITs) injected a net sum of ??7,605 crore in September so far.
According to data from custodians, foreign investors have invested ??4 385 crore in shares and ??3,220 crore in the debt segment September 1-9.
During this period, the total net investment amounted to ??7,605 crores.
The REIT’s financing in September comes after buying up to ??16,459 crore in August, with a record ??14,376.2 crore of investment in the bond market.
For the continued influx of foreign money into the debt segment, Himanshu Srivastava, Associate Director (Research) of Morningstar India, said: “The stability of the Indian currency and the increasing bond spreads between the United States and India made Indian debt better placed at risk. reward base, which would have caught the attention of investors, resulting in rather sudden and high inflows. “
However, he added that investing in Indian stocks has been volatile lately.
Last week, Fed Chairman Jerome Powell’s speech at the “Jackson-Hole” event, where he took a wait-and-see approach and stressed that the central bank is in no rush to raise rates, sparked a positive response from investors and increased their appetite for riskier assets, Srivastava noted.
“REITs would have chosen to be part of the ongoing rally in Indian stock markets rather than miss it. However, the scenario was slightly different this week.
“The uncertainty surrounding the timing of the QE reduction (quantitative easing) would have prevented them from going too far or from making substantial investments in Indian stocks,” he added.
Looking ahead, Shrikant Chouhan, executive vice president (technical equity research) at Kotak Securities, said REIT flows are expected to remain volatile between September and December 2021, as global investments remain difficult.
Investors are focused on sustaining growth in developed economies. As a result, they should focus on emerging markets for diversification and India cannot be ignored by global investors given the growth opportunities, he added. PTI SRS HRS hours
This story was posted from an agency feed with no text editing.
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