FPI flows into India continue unabated in July, too. India is the largest recipient of FPI flows YTD among emerging markets, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Till July 21, FPIs have invested Rs 43,804 crore in India. This figure includes investment through stock exchanges, primary market and bulk deals.
FPIs continue to invest in financials, automobiles, capital goods, realty and FMCG. FPI buying in these sectors have contributed hugely to the surge in prices of stocks in these sectors and the Sensex and Nifty scaling record highs, he said.
The concern, however, is the rising valuations. At high valuations some negative triggers can lead to sharp correction. This happened on Friday when the Sensex tanked by 887 points on negative news from Infosys and HUL, he added.
The US Dollar Index (DXY) has slipped below $100 for the first time after April 2022. When the Dollar Index falls, the Indian Rupee appreciates and the dollar weakens, which leads to increased fund flow from FII and FPIs, SBI Securities said in a report.
The heavy inflow helps the market to surge higher, SBI Securities.
Last week, the volatility index India VIX ended at 10.68, which was the lowest closing since December 2019. This decline in volatility indicates that there is less fear in the market and investors have adopted risk-on mode, the report said.
Hence, overall market structure looks very promising as the formation of higher high and higher low is seen on the chart and there is stability in volatility.
Stability of volatility over time is a good thing because it allows market participants to estimate maximum potential gains and losses with greater accuracy.
Tripura CM Dr Manik Saha to lead high-level task force for investment promotion in NE India
In a significant development of the Prime Minister Narendra Modi’s dream of making India – Viksit Bharat by 2047, the Ministry of Development of North East Region (MDoNER) has appointed Tripura Chief Minister Dr Manik Saha as the Convenor of the High-Level Task Force for investment promotion in North East region of the country.
In a first, 9 Tripura youths get nursing caregiver jobs in Japan
For the first time, nine youths from Tripura have got jobs in Japan as nursing caregivers and 60 more candidates would go to the East Asian country in the next financial year (2025-26) for work, officials said here on Saturday.
108-year-old Tripura Palace to turn into 5-star hotel; deal signed amid protests by allies, Oppn
Despite vehement protests by the ruling BJP's ally Tipra Motha Party (TMP) and the Opposition, the Tripura government on Friday signed an agreement with the Indian Hotels Company Ltd. (IHCL) to make the 108-year-old Pushpabanta Palace in Agartala a 5-star hotel.
Tripura CM tells police, lawyers to increase conviction rate
Tripura Chief Minister Manik Saha on Friday asked the top police officers, law enforcement agencies, lawyers, and other stakeholders to take all steps to increase the conviction rates.
Govt working to develop Bankul as most attractive tourist spot in Tripura: CM Dr Manik Saha
Chief Minister Dr Manik Saha on Thursday inaugurated the 78th Bankul Mahamuni festival of the Buddhists community in the Buddha temple at Sabroom Manubankul and said that the government has taken initiative to develop Bankul as one of the most attractive tourist spots of the state.
PM Modi led Govt given special importance to socio-economic development and self-empowerment of women: CM Dr Manik Saha
Chief Minister Dr Manik Saha on Thursday inaugurated the state level celebration of the International Women’s Day here at Agartala Rabindra Satabarshiki Bhavan and said that the government has given special importance to the socio-economic development and self-empowerment of women of the country.
THRC seeks report from DGP over FIR refusal
The Tripura Human Rights Commission (THRC) has directed Director General of Police (DGP) Amitabh Ranjan to investigate allegations that police personnel in North Tripura refused to register an FIR and to submit a report by April 24.
Outrage over puppy killing video, Minister orders arrest
A harrowing case of animal cruelty in Tripura’s Khowai district has triggered widespread outrage after a disturbing video of a youth brutally killing a puppy surfaced on social media.