FPI in June: Earlier, in two consecutive months (April, May), FPI withdrew money from the Indian market. In these two months, foreign investors withdrew Rs 12613 crore.
FPI investment expected to increase further
After the reduction in new cases of Corona, once again the confidence of foreign portfolio investors has returned to the Indian market. This is the reason that in the first week of June, FPIs have put 8000 crores in the Indian stock market. In the months of April and May, FPIs were net buyers from the Indian market. A total of 9659 crores were withdrawn from the market in April and 2954 crores in May.
Foreign Portfolio Investors have poured Rs 8,000 crore into the Indian stock markets in just four trading sessions in June. Foreign investors’ confidence in the Indian markets has increased after the reduction in new cases of COVID-19 and better quarterly results of companies. Himanshu Srivastava, Associate Director-Manager Research, Morningstar India said, “FPI investment is expected to increase further due to the improvement in outlook on the coronavirus front and intensification of vaccination campaign.
1.97 lakh crore was invested between October-March
According to the data, FPIs invested a net Rs 7,968 crore in the Indian stock markets during June 1 to 4. Before the withdrawal in April, FPIs were continuously investing in Indian stocks. During October, 2020 to March, 2021, he had invested Rs 1.97 lakh crore in shares. Out of this, net investment of Rs 55,741 crore has happened in the first three months of the current move.
Foreign investors’ confidence returned due to reduction in Corona cases
Harsh Jain, Co-Founder and Chief Operating Officer (COO) of Grow said, “Following the steady reduction in the COVID-19 infection, now foreign investors are looking more optimistic about investing in the Indian economy.
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