New Delhi: After nine consecutive months of sell-off, foreign investors have become net buyers of Indian stocks, infusing nearly Rs 5,000 crore in July on a softening dollar index and strong corporate earnings. This is in sharp contrast to the net outflow of Rs 50,203 crore from the stock market seen in June, which was the highest net outflow since March 2020, when foreign portfolio investors (FPIs) pulled out Rs 61,973 crore from equities.
According to depository data, FPIs invested a net Rs 4,989 crore in Indian equities in July. Between October 2021 and June 2022, he sold Rs 2.46 lakh crore in the equity segment.
According to depository data, FPIs invested a net Rs 4,989 crore in Indian equities in July. Between October 2021 and June 2022, he sold Rs 2.46 lakh crore in the equity segment.
Hitesh Jain of Yes Securities hopes FPI Flows to remain positive during August as worst-case scenario for rupee is over, and oil looks to be consolidating in a range.
July was the turning point for net inflows US Federal Reserve Chair Jerome Powell’s statement that America is not in recession at present, Himanshu Srivastava Morningstar India Told. However, FPIs pulled out a net amount of Rs 2,056 crore from the debt market in July.