Foreign Portfolio Investors (FPIs) pumped in Rs 43,838 crore in Indian equities in May, the highest level in nine months, supported by strong macroeconomic fundamentals, and reasonable valuations. FPIs continued the buying stance in June too, and invested Rs 6,490 crore in just two trading sessions of the month, data with the repositories showed. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said that inflow by FPIs will continue in the current month since the latest GDP data and high-frequency indicators reflect a robust economy gaining further strength. According to the data, FPIs invested a net sum of Rs 43,838 crore in the Indian equities in the entire month of May. This is the highest level of investment by FPIs in the last nine months. Before this, they put in a net sum of Rs 51,204 crore in equities in August 2022, data showed. This came following a net infusion of Rs 11,630 crore in equities in April and Rs 7,936 crore in March. The March inves
Strong flows into domestic banks even as their developed world counterparts reeled under pressure was underpinned by improved outlook
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Besides India, analysts expect Indonesia, Thailand, and China to attract foreign portfolio investment flows
The moderation in valuation, following a near-10 per cent correction between December and March, also made investors look at India more favourably
A likely tapering of rate hikes by US Fed is also seen taking the global sheen off the dollar and working in favour of emerging markets
Weaker dollar index, unwinding of offshore/onshore trades boost Indian currency
Foreign investors pumped in Rs 11,119 crore in the Indian equities in December, making it the second consecutive monthly inflow, despite increasing concerns over the re-emergence of Covid-19 cases in some parts of the world. However, foreign portfolio investors (FPIs) have turned cautious in recent days. The inflow in December was much lower compared to Rs 36,239 crore invested by FPIs in the month of November, data with the depositories showed. "Despite correction in the markets, increasing concerns over re-emergence of Covid in some parts of the world and recession worries in the US. FPIs remained net buyers in the Indian equity markets (in December)," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said. Also, in the midst of the ongoing uncertainty, many investors would have also chosen to book profits with Indian markets touching all-time high recently. Overall, FPIs have made a net withdrawal of Rs 1.21 lakh crore from the Indian equity markets
Revival in FPI flows, sharp recovery from year's lows in June helped calm investor nerves
According to experts, after remaining net sellers in August and September, Foreign Portfolio Investors (FPIs) are unlikely to be major sellers going forward
Conversely, Reliance Industries and Tata Consultancy Services saw the maximum FPI outflows at Rs 44,622 crore and Rs 17,838 crore, respectively
This came following a net outflow of just Rs 8 crore last month and Rs 7,624 crore in September, data with the depositories showed
Indian currency at 1-month high on FPI flows, weak dollar
After withdrawing funds in the last two months, foreign investors came back strongly in the first week of November and infused Rs 15,280 crore in Indian equities
The rupee settled at 82.44 per dollar on Friday versus 82.89 on Thursday
Cash market turnover fell almost 20% in October as rally take traders by surprise
Benchmark indices gained in 11 of the past 12 trading sessions
If not for inflows from India-dedicated funds, the FPI outflow tally in September would have crossed $2 billion.
'Domestic flows are showing signs of fatigue and may not enjoy the same momentum as in the recent past, especially in the backdrop of increasing global uncertainties'
Despite the positive flows, the allocation in IT at 10.7 per cent dropped for the fifth consecutive month and is the lowest since March 2018