Foreign institutional investors (FIIs) have invested over ₹20,000 crore ($3.1bn) into Indian stocks in the first two weeks of May. Figures from NSDL reveal that financial stocks were the most popular picks for investors, who contributed ₹8,382 crore. Automobiles ranked second, with investments of ₹4,705 crore. Within emerging markets, India is most attractive to investors at present, receiving the most capital in May 2018. Analysts believe that while the global backdrop remains favourable to investors, concerns continue to exist over selling by domestic funds, with concerns that mutual funds may take a position on raising cash.
Goldman Sachs buys shares worth Rs 50 crore in this smallcap stock via block deal
Goldman Sachs acquired approximately 11 lakh shares of TD Power Systems in a block deal valued at Rs 50.30 crore, purchasing them at Rs 460