According to depository data, foreign portfolio investors have invested a net Rs 7,707 crore in Indian equities during April 1-8.
FPI: Foreign portfolio investors (FPIs) have expressed confidence in the Indian market after selling for six consecutive months. Foreign investors have so far made a net investment of Rs 7,707 crore in the Indian stock markets in the month of April. FPI investments have improved due to the ‘correction’ in the stock markets. Himanshu Srivastava, Associate Director, Manager-Research, Morningstar India, said that it is too early to call FPI flows a trend change. For this, you will have to wait for the next few weeks or months.
What do experts say
According to depository data, foreign portfolio investors have invested a net Rs 7,707 crore in Indian equities during April 1-8. Srivastava said the FPI inflows indicate that they have completed the revaluation of their portfolios. Apart from this, the recent ‘correction’ in the stock markets has also opened up investment opportunities for them. However, in the last two trading sessions, FPIs have sold. In such a situation, the situation is not clear about the direction of FPI investment.
Earlier, in the six months from October 2021 to March 2022, FPIs had pulled out a net Rs 1.48 lakh crore from equities. Apart from stocks, FPIs have also injected Rs 1,403 crore in the bond or debt market during this period. Due to this, during the last two months (February-March), he had withdrawn Rs 8,705 crore from the bond market. (Input-PTI)