FPIs turn out net sellers this week with net withdrawal of Rs 976 crore
FPIs began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions between December 16-20.
FPIs began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions between December 16-20.
As per the data with the depositories, Foreign Portfolio Investors (FPIs) have made a net inflow of Rs 30,772 crore in equities this month (till July 19).
As per the data with the depositories, foreign portfolio investors (FPIs) have made a net inflow of Rs 15,352 crore in equities this till July 12.
This is a strong comeback after a steep decline in the FPI investment amid uncertainty over election results in May.
Further, the FPIs reduced their buying momentum with the onset of the new fiscal 2024-25 (FY25).
The development came amid escalating tensions in the Middle East and a substantial surge in the US bond yields.
The surge in foreign funds have also led the Indian stock market to touch new highs.
"Indian equity market as expected touched the historic figure of 12,041 and made a new all-time high. Markets seem to have discounted the magical mandate in favour of BJP. At the same time, we see there is some profit booking that is coming in at higher levels."
The key Indian equity indices on Monday opened on higher note.
The key Indian equity indices opened on a negative note on Friday tracking weakness in the benchmark Asian markets.
