Upbeat FPIs invest Rs 28,203 cr in August
Foreign portfolio investors (FPI) remained net investors in Indian markets in the first half of August, pumping in Rs 28,203 crore in debt and equities on net basis in the period, according to the depositories data.
By : migrator
Update: 2020-08-16 19:34 GMT
New Delhi
Also, FPIs turned net investors in the debt segment in August after a gap of five months.
Market experts attributed the inflows to better-than-expected corporate earnings and increasing global liquidity.
Depositories data showed that a net sum of Rs 26,147 cr was invested in equities and Rs 2,056 cr in the debt segment by FPIs between Aug 3-14. This translated into a total net investment of Rs 28,203 cr.
In the debt segment, overseas investors turned net investors after a gap of five months. Before this, FPIs had invested Rs 4,734 cr in February. FPIs have been net buyers for two consecutive months prior to this. They invested Rs 3,301 crore in July and Rs 24,053 cr in June on net basis.
Himanshu Srivastava, associate director - manager research, Morningstar India said, “A combination of global and domestic factors has resulted in huge net inflows from FPIs in Indian equities.”
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