According to depositories data, FPIs invested Rs 15,282 crore in equities between June 1 and 25. At the same time, FPIs withdrew Rs 2,568 crore from the debt segment.
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This could be largely attributed to profit booking by FPIs with markets trading near all-time highs and investors choosing to stay on the sidelines, said Morningstar India Associate Director (Manager Research) Himanshu Srivastava.
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In June, FPIs became net investors to the tune of Rs 13,269 crore in Indian markets (equity and debt), after remaining net sellers in April and May.
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New Delhi: After a month of net inflows, foreign portfolio investors (FPIs) pulled out Rs 2,249 crore from the Indian equities segment in the first seven trading sessions of July. This could be largely attributed to profit booking by FPIs with markets trading near all-time highs and investors choosing to stay on the sidelines, said Morningstar India Associate Director (Manager Research) Himanshu Srivastava.
FPIs withdraw over Rs 2,000 cr from Indian equities in July so far msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
New Delhi: In reversal of a two-month selling trend, foreign portfolio investors (FPIs) in June turned out to be net buyers by investing a net Rs 13,269 crore in Indian markets. This could be attributed to improvement in investor sentiments on the back of consistently falling coronavirus cases in the country and hopes of an early opening of the economy, said Morningstar India Associate Director (Manager Research) Himanshu Srivastava. This, coupled with good quarterly results and a positive earnings growth outlook over the long term, refuelled FPI interest in Indian equities, he added. According to depositories data, FPIs invested Rs 17,215 crore in equities between June 1 and June 30.
FPIs pump in Rs 13,269 cr in Indian markets in June as investor sentiment improves, COVID cases fall businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.