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

Q) The amount/reason for outflow/inflow (1st July to 4^th July 2024).

FIIs turned net cash buyer to the tune of Rs. 5,633.33 crores, to date in July’24.

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

Markets remained optimistic about strong government support for the economy, especially for the manufacturing sector, in the upcoming Union Budget. Market optimism continued to extend, with IT services finding flavor ahead of the upcoming Q1FY25 earnings season. 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, S.Korea and Taiwan witnessed inflows of US$107 mn, US$141 mn, US$127 mn, US$81 mn, US$5 mn, US$927 mn, and US$186 mn, respectively.

Thailand and Vietnam witnessed outflows of US$69 mn, and US$68 mn, respectively.

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