06-06-2021 02:50 PM | Source: IANS
FPIs return, invest nearly Rs 8k cr in Indian equities last week
Amid robust fourth quarter earnings and declining daily cases of Covid-19, foreign portfolio investors (FPI) have made a comeback in June and invested nearly Rs 8,000 crore during May 31-June 4.
FPIs made a net investment of Rs 7,967 crore during the week, as per NSDL data.
The surge in foreign funds have also led the Indian stock market to touch new highs. The Nifty50 on the National Stock Exchange recorded a record high of Rs 15,733.60 during the week.
The inflow comes after two consecutive months of outflow.
In April and May, FPI's net selling stood at Rs 9,659 crore and Rs 2,954 crore in Indian equities, respectively.
The aggregate net investmemt of FPIs into indian equities so far in 2021 stands at Rs 51,096 crore.
Latest News
Godrej Security Solutions Partners with HDFC Bank to...
Groww launches India`s first Nifty Non-Cyclical Cons...
Federal Bank climbs on reporting rise in Q4 consolid...
Eicher Motors inches up after its motorcycle divisio...
Mahindra Auto sells 41,008 SUVs in India in April, r...
DigiCert and Deutsche Telekom Forge Strategic Partne...
Krafton India expands first cohort of gaming incubat...
Reaction Quote On US Fed Reserve announcement (FOMC)...
PSU stocks among top gainers in trade
Microsoft to invest $2.2 bn to fuel Malaysia's cloud...