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In the coming days, FPIs are likely to press sale as the market is at record highs and valuations are high, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
This comes just a year after FIIs offloaded shares worth Rs 1.21 lakh crore, or $16 billion
India Business News: NEW DELHI: Foreign Portfolio Investors (FPIs) have infused over Rs 3,200 crore in Indian equities so far this month driven by uncertainty in the globa.
"The uncertainty in the global markets and economic concerns in China again played a role in FPIs shifting their focus back toward Indian markets, which have been more resilient and stable," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said.
On the contrary, foreign portfolio investors (FPIs) turned sellers in the last four trading sessions and pulled out Rs 3,300 crore as they are adopting a cautious stance ahead of the US Federal Reserve's decision on the interest rate. Get more Markets News and Business News on Zee Business.