Traders will be eyeing India's fiscal deficit data, which is slated to be released on February 29. On the same day, Gross Domestic Product (GDP) data and core sector data are going to be released.
Mumbai, Investors became richer by Rs 2.20 lakh crore on Monday and the market capitalisation of BSE-listed firms reached an all-time high of Rs 3.91 lakh
On the other hand, foreign investors pulled out more than Rs 3,000 crore from equities during the period under review. Before this, they withdrew a massive Rs 25,743 crore in January, data with the depositories showed. Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, attributed the outflow from equities to the uncertainty surrounding the interest rate environment, both domestically as well as globally.
India Business News: NEW DELHI: Foreign investors have adopted a cautious approach this month, offloading domestic equities worth Rs 13,000 crore in the first three weeks .
The surge in FPI inflows during December 2023 which stood at Rs 58,372 crore, slowed down in early January 2024, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.