The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
Foreign portfolio investors (FPIs) have taken out ₹1,30,491 crore between January and May 2020, making it the worst period in 5 years. March witnessed the maximum monthly outflow since 2016.
C.V. Raman, senior executive director at India’s largest carmaker by volumes, says the target will be achieved on the back of CNG, hybrids, and maybe electric vehicles in the near future.
