Domestic investors bought over $30 billion worth of stocks in the first half, helping to prop up the market. But this month, overseas investors have taken the baton, pouring in over $5 billion on hopes that Indian companies will deliver stronger earnings and that a fall in crude oil prices will help narrow the country’s current account deficit.
$1.3 billion bet! FPI dollars chased just these 4 sectors in November; what’s likely in December?
The consumer services sector attracted maximum inflows in November to the tune of Rs 4,370 crore, after witnessing outflows of Rs 185 crore in October.