In the first week of October, more money came into the equity market from foreign portfolio investors (FPIs). Despite volatility in the equity market due to adverse global conditions, FPIs have almost 2,440 crore here in October so far. As of now, the appetite for equities is better than the debt market as outflows were recorded earlier this month.
As per NSDL data, total 2,440 crore has been pumped by FPI in domestic equities Between October 3 and October 7, debt outpaced the market, recording an outflow of 2,948 crore. On the other hand, loan-VRR saw an inflow of 459 crore while hybrid devices registered marginal outflow of 89 crores.
In September 2022, FPIs stopped their buying streak for two consecutive months and exited 7,624 crore as monetary policy tightened amid intensifying inflationary pressures in major economies and rising fears of a slowdown.
August 2022 is the biggest buying month ever, with an influx of 51,204 crore in equity after July, where 4,989 crore was invested.
FPIs have been removed so far in October 138 crore in the overall Indian market (Equity, Debt, Debt-VRR, and Hybrid), as equity outpaced the pace of outflows.
Year-on-year, FPIs have removed approx. 1,66,349 crore from equity alone. Taking into account other devices, the overall Indian market witnessed an outflow of 1,72,891 crore so far in the current year.
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