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FPIs’ investment value in equities jumps 13% to $738 bn in Dec quarter
The value of FPIs (Foreign Portfolio Investors) holding in Indian equities reached USD 738 billion in the three months ended December 2023, marking a surge of 13 per cent from the preceding quarter, driven by the strong performance of the domestic stock market, according to a report by Morningstar.
The value of FPIs investment was at USD 651 billion in the September quarter of the current fiscal.
On a year-on-year basis, the value of such investments rose 26 per cent from USD 584 billion in December 2022.
"This could be attributed to the good performance of the domestic equity markets as well as strong net inflows from FPIs," the report noted.
However, FPIs' contribution to Indian equity market capitalisation fell marginally during the quarter under review to 16.83 per cent from 16.95 per cent in the previous quarter.
After withdrawing USD 5.38 billion in the September quarter, foreign investors were net buyers in the Indian equity markets to the tune of USD 6.07 billion in the th