FOREIGN PORTFOLIO INVESTORS have come back with a bang in the current financial year after being net sellers in the previous fiscal. In Q1 of FY24, they invested ₹1.14 lakh crore ($13.9 billion) in Indian equities after dumping stocks worth ₹37,632 crore ($5.1 billion) in FY23. This took Nifty multiples (12-month trailing) to 22.4 in June-end. If the momentum continues through the month, the index may trade at a significant premium to its 10-year average of 19.5 times.
Long Reads
FPI Flows Bring Zing Back Into Nifty Premium
Foreign portfolio investors have come back with a bang in the current financial year after being net sellers in the previous fiscal.
Stories
In Conversation: Jay Shah, Secretary, BCCI
Secretary Shah has put BCCI in the league of the world’s top sports bodies. Now set to take charge as chair of ICC, Shah discusses with Fortune India how he did it and the plans to globalise cricket.
Cricket’s Midas Man
Jay Shah’s focus on basics has catapulted BCCI to the pinnacle of cricket with a lion’s share in ICC revenues, and IPL raking in the moolah.
Jay Shah — Cricket’s Game-Changer
How the 36-year-old Shah led BCCI to the pinnacle of world cricket with focus on the basics and some ingenious strategies.
XLRI’s Booster Shot
The B-school, which has applied for deemed university status, is adding campuses, and increasing global footprint.
SPJIMR Nurtures Socially Sensitive Managers
Works on striking a balance between innovation and societal impact.
How We Did It
Fortune India’s Best B-schools 2024 survey.
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