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After 2 straight months of inflows, foreign portfolio investors (FPIs) turned sellers in April. FPIs sold Indian equities worth ₹8,671 crore during the month on the back of a rise in US bond yields and higher crude oil prices.
The positive factor is that all FPI selling in the equity markets is getting absorbed by DIIs, HNIs (High Networth Individuals) and retail investors.
After outflows worth ₹37,632 crore in the financial year 2022-23 (FY23), foreign portfolio investors (FPIs) returned as buyers in the current financial year (FY24), buying Indian equities worth ₹2.04 lakh crore so far.
FPIs have been investing in the debt markets for the past few months.
Selling by the big bulls restrained the upside in benchmark indices, as the BSE Sensex clocked just 0.3% gains. However, FPIs turned net buyers in March after being net sellers in both January and February