FPIs have netted Rs 5,319 crore in the Indian markets so far in November. During the last fortnight, FPIs have increased their investments amid the ongoing correction in the Indian stock markets. In October, FPIs had net sales of Rs 12,437 crore.
FPIs infused Rs 5,319 crore into Indian markets so far in November
The market capitalization (Market Cap) of nine of the top 10 Sensex companies fell by Rs 2,62,146.32 crore last week. Bajaj Finance and Reliance Industries (RIL) were the biggest losers. Last week, the 30-share index Sensex of BSE recorded a fall of 2,528.86 points, or 4.24 percent. Out of the top 10 Sensex companies, only Bharti Airtel’s market capitalization increased last week.
The market capitalization of Bajaj Finance declined by Rs 41,518.24 crore to Rs 4,10,670.50 crore in the reporting week. The market valuation of Reliance Industries declined by Rs 38,440.66 crore to Rs 15,30,109.51 crore.
Top 9 companies suffered losses
Similarly, the market position of Infosys declined by Rs 37,950.03 crore to Rs 7,10,925.34 crore and that of HDFC (HDFC) by Rs 33,067.68 crore to Rs 4,96,168.98 crore.
The market valuation of State Bank of India (SBI) declined by Rs 29,852.83 crore to Rs 4,19,902.97 crore. The valuation of ICICI Bank declined by Rs 28,567.03 crore to Rs 5,01,039.91 crore.
Similarly, the market capitalization of HDFC Bank declined by Rs 26,873.77 crore to Rs 8,25,658.59 crore and that of Hindustan Unilever (HUL) declined by Rs 14,778.93 crore to Rs 5,48,570.82 crore.
The market position of Tata Consultancy Services (TCS) declined by Rs 11,097.15 crore to Rs 12,74,563.64 crore.
Only one company remained in profit
Contrary to this trend, the market capitalization of Bharti Airtel rose by Rs 12,769.55 crore to Rs 4,05,009.55 crore.
List of top 10 companies
Despite this decline, Reliance Industries remained in the first place among the top 10 companies. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC, SBI, Bajaj Finance and Bharti Airtel respectively.
FPIs have poured Rs 5,319 crore into the Indian markets so far in November
Foreign Portfolio Investors (FPIs) have netted Rs 5,319 crore in the Indian markets so far in November. During the last fortnight, FPIs have increased their investments amid the ongoing correction in the Indian stock markets. In October, FPIs had net sales of Rs 12,437 crore.
According to depository data, during November 1 to 26, FPIs netted Rs 1,400 crore in equities and Rs 3,919 crore in the debt or bond market. In this way his total net investment stood at Rs 5,319 crore.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “FPIs holding a large amount of bank shares, hence they sold heavily in this segment. Due to continuous selling, the shares of banks have become an attractive investment option from the point of view of valuation.
He said that the main reason for the fall in the markets on November 26 is a new ‘strain’ of the corona virus.
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