The hawkish tone in the recent Federal Reserve meeting has been confirmed by Fed officials in recent days, as they flagged the possibility that the central bank would need to raise interest rates further after pausing its rate-hiking cycle last week, he added.
Geojit Financial Services’ Chief Investment Strategist V K Vijayakumar said while FPIs were sellers in the initial three months of this year, they changed their strategy and turned buyers in April.
As per NSDL data, FPIs bought ₹3,747 crore in the equities so far in April, while they were net sellers in other market-related instruments..FPIs sold ₹1,667 crore in debt, meanwhile, outflows of ₹400 crore and ₹8 crore was recorded in debt-VRR and hybrid instruments.
As per NSDL data, FPIs inflow in equities stood at ₹7,936 crore during March. This is compared to the outflows of ₹5,294 crore in February and ₹28,852 crore in January respectively.
After turning net buyers in the cash market after around eight months, the Foreign Portfolio Investors (FPIs) have now also become net buyers of debt so far in August. Get more Markets News and Business News on Zee Business.