Overseas investors net bought government bonds worth 350 billion rupees ($4.2 billion) in October-December, pushing the full-year tally to 598 billion rupees, the highest since 2017, clearing house data showed.
Foreign portfolio investors poured ₹1,74,663 crore into the domestic stock market in 2023, bettering the previous record of ₹1,72,849 crore in 2020. In 2022, they were sellers to the tune of ₹1,25,633 crore.
Any negative development on the political front or shifts in interest rate expectations could derail momentum in midcaps and smallcaps and lead to sharp corrections