Foreign corporate investors sold a net of $ 2.3 billion in September after remaining net buyers for six months, according to a report by Motilal Oswal Financial Services, During the last five general elections ( 1999–2019 ), Nifty-50 had increased by 10– 32 per cent six months before the election results were announced.
Investor Bank Invest their money for better returns in FD. But Shayda would be surprised to know that if you had invested your money in stock, you get double return against bank FD. PSU Bank stock gave a bumper return of (18 per cent ) in September month, according to a report by Motilal Oswal Financial Services. At the same time, all major sectors with telecom ( nine per cent ), utilities ( seven per cent ), oil and gas ( six per cent ) and capital goods ( six per cent ) gave a spectacular return. Only the media gave negative ( minus one per cent) returns. Let me tell you that Nifty-50 crossed the milestone of 20 thousand points in September.
The market was fast
Nifty-50 travelled from 18 thousand to 19 thousand for 425 days ( October 2021 – June 2023 ) after an unstable and long journey from 19 thousand to 20 thousand only 52 Completed in business days (September). However, despite adverse conditions, the Nifty-50 managed to reach 20 thousand by recovering from its June 2022 and March 2023 lows. The most significant contribution to this was the $ 19 billion foreign corporate investment and $ 9.3 billion domestic current investment between March and September this year.
Foreign investors start selling
Foreign corporate investors sold a net of $ 2.3 billion in September after remaining a net buyer for six months, according to a report by Motilal Oswal Financial Services. Capital inflows from foreign corporate investors ( FII) and domestic corporate investors ( DII ) are $ 14.7 billion and $ 15.7, respectively, in the calendar year 2023. The report noted that DII also reported a significant flow of $ 2.4 billion in September 2023, after an investment of three billion dollars in August 2023. The report states, “We see that during the last five general elections (1999-2019 ), Nifty-50 rose 10–32 per cent six months before the election results were announced. There will be general elections in India in March 2024.
