FPI inflows in June at 10-month high of Rs 47,148 crore
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VK Vijayakumar, chief investment strategist at Geojit Financial Services, said that FPIs may be a bit cautious going forward as valuations in the country are a bit high from a short-term perspective.
New Delhi. Foreign portfolio investors (FPIs) have invested Rs 47,148 crore in Indian equities in June. This amount is the highest in the last 10 months. Mayank Mehra, principal partner at financial advisory firm Craving Alpha, however, said inflows may taper off in July as recent comments from the US Federal Reserve may make FPIs cautious. VK Vijayakumar, chief investment strategist at Geojit Financial Services, said that FPIs may be a bit cautious going forward as valuations in the country are a bit high from a short-term perspective.
According to the data, FPIs invested a net Rs 47,148 crore in Indian stocks in June. Depository data showed FPI investments in equities stood at Rs 43,838 crore in May, Rs 11,631 crore in April and Rs 7,936 crore in March. Earlier, FPIs had pulled out a net Rs 34,000 crore from equities in January and February.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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