Quote on FPI Flow details by Shrikant Chouhan, Head Equity Research, Kotak Securities
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Below the Quote on FPI Flow details by Shrikant Chouhan, Head Equity Research, Kotak Securities
FIIs continue to be a net cash seller to the tune of Rs. 794.53 crores, to date in June’24.
India’s goods trade deficit in May widened to US$23.8 bn, led by a sharp increase in the oil trade deficit, while the services trade surplus in May, at US$12.9 bn, moderated from April’s upwardly revised print of US$13.7 bn. The government announced MSP for 14 Kharif crops, with MSP for paddy being increased by 5.4% yoy. FPI flows are expected to remain volatile.
FPI flows to date in June’24 were mixed for emerging markets. India, Brazil, Indonesia, Philippines, Thailand, and Vietnam witnessed outflows of US$48 mn, US$1380 mn, US$185 mn, US$82 mn, US$669 mn, and US$416 mn respectively. Malaysia, S.Korea and Taiwan witnessed inflows of US$101 mn, US$3,637 mn, and US$3,381 mn, respectively.
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