Business: Indian Market To Go Bullish Again

Foreign portfolio investors (FPIs) invested Rs 16,800 crore in Indian equities this week, bringing their total investments for September (up to September 13) to Rs 27,856 crore. Data from NSDL shows that FPIs bought equities every day this week a shift from previous weeks when they invested through the primary market instead of exchanges. 

This change is driven by expectations that the US Federal Reserve will cut rates soon, making US yields less attractive and prompting fund flows to emerging markets. Additionally, the Indian market’s strong performance and resilience make it a compelling investment opportunity. 

In 2024, FPIs have invested Rs 70,737 crore in India so far. September saw significant investment including the second highest single day purchase of the year. Analysts attribute this to India's economic growth, political stability and the regulator's efforts to ease business norms and align with global best practices.