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India beats global pack on strong FPI flows in April, shows data

The moderation in valuation, following a near-10 per cent correction between December and March, also made investors look at India more favourably

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Photo: Bloomberg

Sundar Sethuraman

1 min read Last Updated : May 01 2023 | 6:03 AM IST

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India outperformed all the major global markets in April. Strong inflows from foreign portfolio investors (FPIs), off the back of an improved global risk sentiment and encouraging January-March quarter results, propelled the markets.

The moderation in valuation, following a near-10 per cent correction between December and March, also made investors look at India more favourably.

Notwithstanding a strong showing in April, India is still a straggler on a year-to-date basis. FPIs have invested close to $2.5 billion in domestic stocks in the past two months.

After the latest rally, the Nifty has climbed back to 18,000 levels where it had

Topics : Foreign Portfolio Investors FPI inflows Markets Investment

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