The value of holdings of foreign portfolio investors (FPIs), Life Insurance Corporation (LIC), and retail investors hit an all-time high during the quarter ended March 31, 2021.
This came amid buoyancy in the secondary market. The benchmark Sensex and the Nifty logged new all-time highs on February 15. While the indices came off from their highs in the remainder of the quarter, the broader markets marched on. During the three months to March 2021, India’s market capitalisation had risen 8.7 per cent to Rs 204 trillion.
The value of FPI holdings rose 6.8 per cent, from Rs 41.83 trillion at the end