UPDATE: July 17, 2023, 03:36 PM IST
team mint
Foreign fund inflows have boosted Indian equities,… MoreForeign fund inflows have boosted Indian equities, with major benchmark indices hitting new highs. In June 2023, foreign portfolio investors bought stocks worth $6,717 million, the highest monthly investment this year. India’s share of global market capitalization rose to 3.3% in June, the highest in 2023. However, the sustainability of these flows and the potential impact of El Niño on the market scenario remain uncertain. Factors such as India’s economic growth outlook, moderation in inflation and the Reserve Bank of India’s rate tightening cycle are positive, but downside risks and global factors should be considered.