FPIs continue to be buyers of Indian equities; Invest ₹10,850 Crore During May 2-5

it came after a Net infusion of 11,630 crore in equity in April and 7,936 crore in March, data available with the depositories showed.

The March investment was mainly driven by US-based GQG Partners’ bulk investment in Adani group companies. However, if one adjusts for GQG’s investment in the Adani Group, the net inflow is negative.

Going forward, strengthening rupee and strong Q4 results will help increase capital inflows into India, says VK Vijayakumar, Chief Investment Strategist Geojit Financial ServicesSaid.

According to depository data, FPIs invested net in 10,850 crores Indian Equity In the last four trading sessions during May 2-5.

“FPIs will be attracted to Indian stocks due to the country’s stable macroeconomic environment, strong GST collection data and better-than-expected corporate results,” said Himanshu Srivastava, Associate Director-Manager Research, Morningstar India.

Furthermore, recent market volatility and sporadic correction, as well as the stability of the global financial system, improved investor sentiment, leading to an uptick in inflows.

Geojit’s Vijayakumar said India outperformed most markets in April. The main reason for the better performance is the continued buying by FPIs.

On the other hand, FPI pulled out 2,460 crore from the debt market during the period under review.

In terms of sectors, FPIs made large purchases in financial services and capital goods in the second half of April. However, he was a big seller in IT.

FPI has taken out so far this year 3,430 crore more invested from equity 1,808 crore in the debt market.

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