Foreign capital flooding India; Will Budget take Dalal Street to newer highs?

Foreign portfolio investors kickstarted the New Year with an inflow of Rs 22,272 crore in January 2018, displaying renewed interest in India.

Segment-wise, their net investment stood at Rs 13,781 crore in equities while they poured in Rs 8,523 crore in debt.

Their net inflow in equities in January was around 27 per cent of the total they plowed into stock markets last year. In the previous year, net investment of FPIs stood at Rs 51,252 crore, according to data available with depository NSDL.


Meanwhile, benchmark equity index BSE Sensex retook the 36,000-mark by rebounding over 171 points in the opening trade on Thursday as investors built up positions, with the FM starting the Budget speech in Parliament.

The 30-share BSE index, which had lost 318.23 points in the previous two sessions, gained 171.38 points, or 0.47 per cent, to 36,136.40.

Similarly, the NSE Nifty moved up 49.70 points, or 0.45 per cent, to 11,077.40.

Smallcap czar Porinju expects a huge push for rural economy in the Budget 2018, but does not believe any big movement on the market because of the event.

The Central Statistics Office on Thursday revised the Gross Domestic Product (GDP) growth rate for 2015-16 to 8.2 per cent, from the earlier estimates of 8 per cent, and kept the 2016-17 growth unchanged at 7.1 per cent.