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business bureauforeign portfolio investors (fpis) continue to show confidence in indian equities and pumped more than rs 30,600 crore in june so far, as they bet on the country's stable macroeconomic profile and sturdy corporate earnings
The flows in recent times can also be passive ahead of the rebalancing of the MSCI Index, which could lead to additional flows into Indian equities.
NEW DELHI: Foreign portfolio investors (FPIs) continue to show confidence in Indian equities and pumped more than Rs 30,600 crore in June so far, as t.
This came following a nine-month high investment of Rs 43,838 crore in equities in May, Rs 11,631 crore in April and Rs 7,936 crore in March, data with the depositories showed.
Foreign portfolio investors (FPIs) have invested over Rs 30,600 crore ($4.5bn) in Indian equities in June, amid support for the country's macroeconomic stability and corporate earnings at a time of difficult conditions in the US and UK. They also invested Rs 3,051 crore in the debt market, attracted by the yield offered on Indian securities. FPIs had withdrawn Rs 34,000 crore during January and February before returning in force. However, further US interest rate hikes could cause fund inflows to fluctuate, said Shrikant Chouhan, head of equity research (retail) at Kotak Securities.