comScore
Active Stocks
Fri Sep 22 2023 15:58:38
  1. Tata Steel share price
  2. 126.7 -0.86%
  1. HDFC Bank share price
  2. 1,529.2 -1.57%
  1. State Bank Of India share price
  2. 598.1 1.67%
  1. Power Grid Corporation Of India share price
  2. 199.1 -1.34%
  1. Tata Motors share price
  2. 621.1 -0.93%
Business News/ Markets / Stock Markets/  P-notes investment in Indian markets at 4-month high of 95,911 crore in April
Back

Investment in the Indian capital markets through participatory notes (P-notes) increased to 95,911 crore in the end of April from 88,600 crore in March-end, PTI reported citing Sebi data. This includes the value of P-note investments in Indian equity, debt, and hybrid securities.

This was the second consecutive monthly increase in the investment level through this route as it was at 88,398 crore in February-end. The investment at the end of January stood at 91,469 crore.

Of the total 95,911 crore invested through P-notes till April this year, 86,226 crore was invested in equities, 9,586 crore in debt and 100 crore in hybrid securities, the report added.

Meanwhile, foreign portfolio investors (FPI) have poured in 11,631 crore in the Indian equities in April and 806 crore in the debt market. FPI’s assets under custody increased to 50.85 lakh crore in April from 48.71 crore in the preceding month, as per data available on NSDL.

A major chunk of FPI money was invested in the financial services sector, followed by Oil & Gas, IT, FMCG and automobile sectors.

P-notes are issued by registered FPIs to overseas investors who wish to invest in the Indian stock market without directly registering themselves.

The benchmark indices, Sensex and Nifty, have surged to near all-time high amid persistent inflow of foreign capital into the Indian market. The Nifty Bank index and the Nifty Midcap 100 index have already tested their fresh record highs.

Also Read: Midcap index outshines benchmarks while Nifty, Sensex take a pause near all-time high level

The Nifty index has rallied 7.5% in the last three months amid improving domestic macros, expectations of strong economic growth and better earnings from India Inc.

Shrey Jain, Founder and CEO, Sasonline, told PTI that one of the primary drivers behind the growth in P-notes investment is India’s robust economic growth, which positions the country as an appealing destination for FPI investments.

According to him, the rise in P-note investments can be attributed to various other factors, including a substantial consumer base, significant market potential, and a demographic advantage, among others.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 30 May 2023, 04:32 PM IST
Next Story
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App