Page 519 - ES 2020-21_Volume-1-2 [28-01-21]

146 Economic Survey 2020-21 Volume 1

Table 11: Investment by Foreign Portfolio Investors

Gross Net Net Cumulative Net
Purchase Gross Sales Investment Investment Investment
Period
(` crore) (US $ mn.)

2019-20# 13,79,888 12,99,141 80,746 11,465 2,59,581

2020-21# 16,65,483 14,54,050 2,11,433 28,543 2,73,618

Source: NSDL
Note: #Upto December 31 of respective years

MOVEMENT OF INDIAN BENCHMARK INDICES

4.48 During 2020-21 (upto January 20, 2021), India’s benchmark indices, namely, Nifty50 and
S&P BSE Sensex index reached record highs of 14,644.7 and 49,792.1 respectively on January
20,2021. There were some significant corrections due to COVID-19 induced uncertainty in the
beginning of this financial year, however both Nifty50 and S&P BSE Sensex index recovered
strongly afterwards. The S&P BSE Sensex, the benchmark index of BSE, rose by 68.9 per cent to
49,792.1 on January 20,2021, compared to 29,468 on March 31, 2020. During the same period,
Nifty 50 index of National Stock Exchange (NSE) gained by 70.3 percent from March 31, 2020
to January 20, 2021 (Figure 16 (a)). India VIX, an index circulated by NSE which indicates the
degree of fluctuation that can be expected in Nifty 50 index by active traders over the next 30
days has fallen considerably since March 2020, indicating decline in volatility in stock market.

Figure 16 (a): Movement of Indian Benchmark Indices

Source: BSE and NSE