 "Powered by US boutique investment firm GQG, FPIs turn net buyers")
US boutique investment firm GQG Partners’ $1.87 billion investment in four Adani Group companies in early March single-handedly helped foreign portfolio investors (FPI) record net purchases of Indian equities in the first half of the month.
FPIs bought equities worth $1.52 billionbetween March 1 and 15, the most since November 2022, according to National Securities Depository data. Excluding GQG's investment, FPIs would have extended their two-month-long selling streak into the first half of March. Analysts expect that foreign selling in domestic equities is likely to continue for a few more months due to fears of a global banking contagion after the collapse of Silicon Valley Bank and Credit Suisse, among others.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%