FPIs' buying spree continues; invest ₹45,365 crore in equities in July
The Hindu
Foreign portfolio investors continue with their buying spree in July with a net infusion of ₹45,365 crore in Indian equity markets
Foreign portfolio investors (FPIs) continue with their buying spree in July with a net infusion of ₹45,365 crore in Indian equity markets on stable macroeconomic fundamentals and steady earnings growth.
However, it appears that the momentum of buying has slowed down and FPIs have turned sellers during the two trading days ahead of the U.S. Federal Reserve meeting on Wednesday.
“The U.S. Fed signaled the possibility of more hikes going ahead and ruled out the likelihood of rate cuts any time soon.”
"The potential impact of rate hikes on global liquidity would have led foreign investors to re-evaluate their investment decisions," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said.
According to the data, FPIs have been continuously buying Indian equities since March and infused ₹45,365 crore this month. Only one trading day is left in July.
This figure includes investment through bulk deals and primary markets, apart from investment through stock exchanges.
Also, this figure marks the third straight month, when the net flows have surpassed ₹40,000 crore mark. It was ₹47,148 crore in June and ₹43,838 crore in May.
Flight AI177 will depart Bengaluru at 1.05 p.m. and arrive at London Gatwick at 7.05 p.m. (local time). From London Gatwick, flight AI178 will depart at 8.35 p.m. (local time) and arrive in Bengaluru at 10.50 a.m. (next day arrival). From Bengaluru, the flight will operate on Mondays, Wednesdays, Thursdays, Fridays and Sundays.