FPI infused over Rs 7,600 crore in equities last week
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New Delhi: The trend of Foreign Portfolio Investors (FPIs) has once again shifted towards the Indian stock market. Last week, FPIs invested over Rs 7,600 crore on a net basis in the stock market. This information has been obtained from the data of the depository. During the last week (February 7 to 12), FPIs sold shares worth Rs 3,920 crore. Himanshu Srivastava, Associate Director-Manager Research, Morningstar India, said, “FPI inflows have improved as the market recovered from the Adani shock. Their trend towards Indian stock markets has increased again. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said that the continuous selling trend that started in India since the beginning of January seems to have stopped now. Is.
“However, FPIs may again sell at higher levels.” FPIs bought shares worth Rs 7,666 crore on a net basis in the week ended February 17, according to the data. Srivastava said amid a stable economy, strong macro data and higher growth prospects, FPIs are now ready to look beyond valuation and other concerns. From the beginning of this year till February 10, FPIs were net sellers. During this, he sold shares worth Rs 38,524 crore. This includes the sale of Rs 28,852 crore by them in January. So far this year, FPIs have pulled out Rs 30,858 crore on a net basis from equities. At the same time, during this period, he has put a net of Rs 5,944 crore in the debt or bond market.
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