Weekly FPI flows Q&A from Shrikant Chouhan, Head- Equity Research, Kotak Securities Ltd
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Below the Weekly FPI flows Q&A from Shrikant Chouhan, Head- Equity Research, Kotak Securities Ltd
Q) The amount/reason for outflow/inflow (1st May to 30th May 2024).
FIIs continue to be a net cash seller to the tune of Rs. 43,828 crores, to date in May’24.
Q) How is the future FPI flow expected to be?
The market mood was impacted by global sentiments as bond yields rose ahead of the US PCE inflation data. Domestic markets were also nervous surrounding the results of the Lok Sabha elections. On the economy front, the RBI transferred a surplus of Rs2.1 tn to the government. FPI flows are expected to remain volatile.
Q) How are other emerging markets performing?
FPI flows to date in May’24 were mixed for emerging markets. India, Indonesia, Philippines, Thailand and Vietnam witnessed outflows of US$2,632 mn, US$803 mn, US$84 mn, US$344 mn, and US$528 mn respectively. Brazil, Malaysia, S.Korea and Taiwan witnessed inflows of US$180 mn, US$418 mn, US$107 mn and US$3777 mn, respectively
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