FPI invested in Indian market, put in Rs 13,667 crore so far in June

Foreign Portfolio Investors (FPIs)

Foreign Portfolio Investors (FPIs)

Foreign portfolio investors (FPIs) have infused a net Rs 13,667 crore into the Indian markets so far in June. FPIs infused Rs 15,312 crore in equities from June 1 to 18.

New Delhi: Foreign portfolio investors (FPIs) have infused a net Rs 13,667 crore into the Indian markets so far in June. Indian markets remain attractive to foreign investors. However, this week FPIs pulled out from the Indian stock markets. According to depository data, FPIs poured Rs 15,312 crore into equities from June 1 to 18. During this, he withdrew Rs 1,645 crore from the debt or bond market. In this way his net investment stood at Rs 13,667 crore.

Let us tell you that earlier FPIs had withdrawn Rs 2,666 crore in May and Rs 9,435 crore in April. Harsh Jain, co-founder of Grow said, “The US Federal Reserve has indicated that it will start raising interest rates from 2023. This led to a sell-off on a global scale. Due to this, some withdrawal was also seen from Indian stocks.

Also read: Gold price today: Good news! Big fall in gold prices, prices fell by up to Rs 9000, check latest rates

Know what is the opinion of experts?VK Vijayakumar, chief investment strategist, Geojit Financial Services, said, “Increased buying is being seen in IT stocks due to the depreciation of the rupee.”

Himanshu Srivastava, Associate Director-Manager Research, Morningstar India said, “The US central bank has indicated a much sooner increase in interest rates than previously estimated. This has severely affected the flow in the Indian bond market.




Leave a Reply

Your email address will not be published. Required fields are marked *