In August, FPIs sold stocks to the tune of Rs 7,543 crore, V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
After three months of sustained buying with cumulative investment of Rs 1,37,603 crore, FPIs have turned sellers in India.
Strength in the dollar index and the US 10-year bond yield remaining well above 4 per cent is a short-term negative for FPI flows to emerging markets like India, he said.
FPIs continue to be buyers in financials, capital goo...
FPIs sold stocks to the tune of Rs 7,543 cr in August
Foreign portfolio investment (FPI) in India fell to (-) Rs 40,936 crore in 2022-23, a sharp decline from a healthy Rs 2,67,100 crore inflows recorded in 2020-21.
In fact, if the FPI inflows for the last three years are any reflection, they had recorded negative inflows in 2021-22 also, according to finance ministry figures.
FPI inflows had entered the negative zone, as they stood at (-) Rs 1,22,241 crore in 2021-22.
However, in 2022-23 the FPI inflows further fell...
Foreign portfolio investments fell sharply to (-) Rs 40,936 cr in 2022-23 from Rs 2,67,100 cr in 2020-21
FPI flows into India continue unabated in July, too. India is the largest recipient of FPI flows YTD among emerging markets, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Till July 21, FPIs have invested Rs 43,804 crore in India. This figure includes investment through stock exchanges, primary market and bulk deals.
FPIs continue to invest in financials, automobiles, capital goods, realty and FMCG. FPI buying in these sectors have contributed hugely to ...
FPIs invested Rs 43, 804 crore in India in July