FPIs continue to trust Indian stock markets, have invested Rs 30,600 crore so far in June
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Depository data showed that FPIs infused Rs 43,838 crore in equities in May, the highest in nine months. The figure was Rs 11,631 crore in April and Rs 7,936 crore in March.
New Delhi. Foreign portfolio investors (FPIs) continue to have faith in Indian stock markets and have invested over Rs 30,600 crore in June so far. He expressed confidence in the country’s macroeconomic stability and strong corporate earnings. Depository data showed that FPIs infused Rs 43,838 crore in equities in May, the highest in nine months. The figure was Rs 11,631 crore in April and Rs 7,936 crore in March.
Earlier, FPIs had pulled out over Rs 34,000 crore during January-February. Shrikant Chauhan, head of equity research (retail), Kotak Securities, said the flow of funds could be volatile going forward. Especially after the increase in interest rates by the US Federal Reserve. According to the data, during June 1-23, FPIs invested a net Rs 30,664 crore in Indian stocks.
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