2024-07-15 03:47:14
New Delhi: Foreign portfolio investors (FPIs) have made a net investment of Rs 15,352 crore in the Indian stock markets in the first fortnight of July. The flow of FPIs in the Indian market has increased due to the government’s commitment to continue reforms and strong domestic demand. Himanshu Srivastava, Associate Director – Manager (Research), Morningstar Investment Research India, said that the upcoming general budget is the most important event for foreign investors to understand the government’s plans for economic growth. According to depository data, foreign portfolio investors have invested a net Rs 15,352 crore in shares so far this month (till July 12). Earlier in June, they had invested Rs 26,565 crore in shares.
FPIs were total buyers in May
At the same time, amid the confusion about the general elections, FPIs withdrew Rs 25,586 crore from shares in May. In April, FPIs sold more than Rs 8,700 crore amid concerns about changes in India’s tax treaty with Mauritius and rising US bond yields.
Apart from shares, FPIs have invested Rs 8,484 crore in the debt or bond market during the period under review. This has taken their investment in the bond market to Rs 77,109 crore so far this year.
There was fluctuation in investment
While domestic institutional investors (DIIs) have been net buyers in the stock market every month in 2024, FPI flows have fluctuated. FPIs have sold shares worth a total of Rs 60,000 crore in January, April and May. At the same time, they have bought shares worth Rs 63,200 crore in February, March and June.