ADVERTISEMENT

Indian Tech Stocks Draw Record Overseas Inflows Of $1.4 Billion On Positive FY25 Guidance

Inflows in the sector coincided with stock movement in the tech stocks, as the IT benchmark NSE Nifty IT rose nearly 11%.

<div class="paragraphs"><p>(Source: Envato)</p></div>
(Source: Envato)
India's information technology companies have become the darlings for overseas investors, after being viewed as a negative play for years, on upbeat first-quarter earnings and guidance by industry bellwethers. The tech companies reported their highest-ever monthly investments from foreign portfolio investors in July, according to data provided by National Securities Depository Ltd.Overseas investors pumped in $1.4 billion in the tech...
To continue reading this story
Subscribe to Unlock & Enjoy your 
Subscriber-Only
 benefits

Choose a plan

Renews automatically. Cancel anytime.
Still Not convinced ? Know More