Business Standard

Raising bets: FPI buying in Indian shares at nine-month high in May

Net buyers of equities worth Rs 37,317 crore in May, highest since Aug 2022


Sharp FPI inflows into the market have helped Indian equity benchmarks to post one of the better returns among the country’s major global peers though they lagged behind some

Sundar Sethuraman Mumbai

Listen to This Article

Improved global-risk sentiment, encouraging corporate results, and positive macro indicators have led to the best buying by foreign portfolio investors (FPI) in nine months. This month, FPIs have been net buyers of equities worth Rs 37,317 crore, the highest since August last year.

FPIs were net sellers for the first two months of this year but turned buyers in March amid moderating valuations. The Indian markets corrected nearly 10 per cent between December and March. Buying continued amid hopes that rate hikes by the US Federal Reserve had peaked.

“FPIs want to cash in on valuation comfort before everyone was convinced that

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 26 2023 | 8:22 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to