Rs 7,200 Cr Invested By FPIs In Indian Equities In March So Far

Foreign investors have pumped Rs 7,200 crore into the Indian equities so far this month, mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. Going ahead, FPIs are likely to be cautious in the near term since there is a risk-off sentiment in equity markets globally due to the stress in the US banking system and the crash in banking stocks, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. The stress appeared in the US banking system after the collapse of Silicon Valley Bank and Signature Bank earlier this month. Most global…