Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
Foreign portfolio investors (FPIs) bought Indian equities worth Rs 2,085 crore in the first half of August owing to improvement in economic activity, according to data from the depositories.
Overseas investors pumped in a net Rs 2,085 crore between August 2-13 in equities, but pulled out a net Rs 2,044 crore from the debt segment, as per the data.
Improvement in economic activity in the domestic market and subdued Covid-19 cases across the country can be seen as trigger behind the inflows in August.
FPIs were sellers in financial services and IT in July. According to experts, markets are at record highs with stretched valuations, some profit booking by FPIs can be expected.
Amid the anticipation of a third wave of Covid-19 infections, FPI flows in domestic markets is expected to be volatile.
FPIs pulled out Rs 2,249 crore from the Indian equities segment in the first seven trading sessions of July. In June, FPIs became net investors to the tune of Rs 13,269 crore in Indian markets (equity and debt), after remaining net sellers in April and May.