As of the quarter ended March 2020

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wholesale jerseys from china In comparison, foreign portfolio investors (FPIs) bought net assets worth $6.3 billion in three months ended December 2019.FPIs were net buyers in January ($1.71 billion) and February ($265 million). But they had gradually regained their risk appetite as these concerns started to wane, it said.Such investors went on a buying spree in the Indian equity markets after the US and China signed a trade deal, thus putting the trade war between them on a pause.Further, positive sentiments around the budget and the Reserve Bank of India’s (RBI) decision to maintain an accommodative stance in its monetary policy continued to attract foreign investments.However, as the COVID 19 pandemic started to tighten its noose across the globe, foreign investors turned risk averse, it said.Cumulatively for the March quarter, FPIs were net sellers in the Indian equity markets to the tune of $6.4 billion, which is in sharp contrast to the previous quarter, when they bought net assets worth $6.3 billion.As of the quarter ended March 2020, the value of FPI investments in Indian equities stood at $281 billion, which is considerably lower than the $432 billion, recorded in the December quarter.This is the lowest in the past six years, with the previous low being $238 billion at the end of March 2014, the report said.Consequently, FPIs’ contribution to Indian equity market capitalisation also fell to 18.7 percent from 19.8 percent in the previous quarter.Foreign investors continued to flee the Indian equity space even in the month of April, though the amount of net outflows dropped substantially compared to the preceding month. They sold net assets worth $904 million through the month.”The sharp drop in net outflows could be attributed to India gaining prominence among foreign investors for doing well with regards to containing the coronavirus’ aggressive spread,” the report said.In addition to that, measures announced periodically by the government and the RBI to revitalise the sagging economy resonated well with investors, it added.. wholesale jerseys from china

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