Foreign Portfolio Investors (FPIs) continued their buying stance and pumped in close to Rs 9,800 crore in Indian equities this month so far, on strong economic growth and attractive valuations of stocks.
This came following a nine-month high investment of Rs 43,838 crore in equities in May, Rs 11,631 crore in April, and Rs 7,936 crore in March, data with the depositories showed.
Before that, FPIs had pulled out over Rs 34,000 crore during the January-February period.
Further, the outlook for FPI flows in the rest of June is positive as the Reserve Bank of India (RBI) has signaled that it will not be raising interest rates shortly, which is a positive sign for equity markets, Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said.
However, valuation could become a concern as Indian markets continue to surge and stricter regulatory norms could also check foreign money flowing into India to some extent, Himanshu Srivastava, Associate Direct
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