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FPIs Invest Rs 13,269 Cr In Indian Markets
India witnessed the highest FPI inflows of USD 1,498 million, followed by Indonesia (USD 342 million). On the other hand, Taiwan witnessed the highest FPI outflows of USD 1,814 million, South Korea USD 792 million and Phillipines USD 79 million
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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.
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.
According to depositories data, overseas investors withdrew Rs 3,375.2 crore from equities but invested Rs 1,645.8 crore in the debt segment between May 1 and May 28.
FPIs withdrew Rs 3,375.2 crore from equities, but invested Rs 1,645.8 crore in the debt segment between May 1 and May 28, as per the depositories data. This took the overall net outflow to Rs 1,729.4 crore