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Below the Quote on FPI - FII details by Shrikant Chouhan, Head Equity Research, Kotak Securities

Q) The amount/reason for outflow/inflow (1st July to 18^th July 2024).

FIIs turned net cash buyer to the tune of Rs. 20,158.51 crores, to date in July’24.

Q) How is the future FPI flow expected to be?

The markets were strong, led by strong earnings and commentary from the large-cap. IT services sector, while investors also positioned themselves for the upcoming FY2025 budget. On the economy front, CPI inflation in June increased to 5.1% from 4.8% in May due to a spike in vegetable prices, while IIP growth in May was 5.9% (April: 5.0%). FPI flows are expected to remain volatile.

Q) How are other emerging markets performing?

FPI flows to date in July’24 were mixed for emerging markets. India, Brazil, Indonesia, Malaysia, Philippines, and S.Korea witnessed inflows of US$2893 mn, US$585 mn, US$300 mn, US$324 mn, US$32 mn, and US$2085 mn, respectively. Taiwan , Thailand and Vietnam witnessed outflows of US$5325 mn, US$68 mn, and US$278 mn, respectively.

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