FPI – FII details from Shrikant Chouhan, Head Equity Research, Kotak Securities
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Below the Quote on FPI – FII details from Shrikant Chouhan, Head Equity Research, Kotak Securities
In the month of July FIIs turned net buyer to the tune of 5400 crores whereas DIIs infused 23,486 crores.
Q) How is the future FPI flow expected to be?
Markets remained in their optimistic mode, as they shrugged off weak earnings while rewarding even modest beats in the Q1FY25 earnings season. On the economy front, (1) the US Fed kept the rates unchanged, while noting the sharp reduction in inflation and the uptick in unemployment, (2) the BOE cut rates by 25 bps, and (3) GST collections for June 2024 stood at Rs1.8 lakh crore (+10.3% yoy). FPI flows are expected to remain volatile.
Q) How are other emerging markets performing?
FPI flows in July’24 were mixed for emerging markets. India, Brazil, Indonesia, Malaysia, Philippines, and S.Korea witnessed inflows of US$3688 mn, US$629 mn, US$411 mn, US$282 mn, US$60 mn, and US$1240 mn, respectively. Taiwan, Thailand, and Vietnam witnessed outflows of US$11,562 mn, US$47 mn, and US$324 mn, respectively.
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