FPIs pumped Rs 16,405 crore into Indian equities so far in June
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FPIs had invested Rs 43,838 crore in stocks in May. This was a nine-month high for his investments. He infused Rs 11,631 crore in shares in April and Rs 7,936 crore in March.
New Delhi. Foreign portfolio investors (FPIs) continued to invest in Indian stock markets for the fourth consecutive month in June. Foreign investors have invested Rs 16,405 crore in the Indian stock market so far in June amid revival of the country’s economy and a positive growth outlook. This information has been received from the data of the depositories. FPIs had invested Rs 43,838 crore in stocks in May. This was a nine-month high for his investments. He infused Rs 11,631 crore in shares in April and Rs 7,936 crore in March. Earlier, during January-February, FPIs had pulled out over Rs 34,000 crore from stocks.
Mayank Mehra, principal partner at financial advisory firm Craving Alpha, said, “Looking at the current investment trend, it is expected that FPI interest will remain towards Indian markets throughout the month of June.” FPI flows into Indian markets will continue to be positive due to positive earnings and favorable policy environment. Himanshu Srivastava, Associate Director-Manager Research, Morningstar India, said, “Indian markets are continuing to climb, due to which there may be a concern about valuations. Apart from this, due to strict regulatory rules, the flow of foreign capital in the Indian market can also be affected.
According to the data, during June 1 to 16, FPIs invested a net Rs 16,406 crore in Indian stocks. Apart from stocks, FPIs have also infused Rs 550 crore in the debt or bond market during the period under review. So far this year i.e. in 2023, foreign investors have invested Rs 45,600 crore in Indian shares. At the same time, his investment in the bond market has been Rs 8,100 crore.
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