FPIs poured Rs 13,424 crore into Indian markets so far in June – fpis poured rs 13424 crore into Indian markets so far in June

FPIs poured Rs 13,424 crore into Indian markets so far in June – fpis poured rs 13424 crore into Indian markets so far in June

New Delhi, Jun 13 (PTI) Foreign portfolio investors (FPIs) have netted Rs 13,424 crore in the Indian markets so far in June. Foreign investors’ confidence in the Indian markets has increased due to the hope of an early opening of the economy amid a reduction in cases of Kovid-19 infection.

According to depository data, FPIs invested Rs 15,520 crore in equities during June 1 to 11.

Morningstar India Associate Director-Manager Research Himanshu Srivastava said, “The economy is expected to open soon amid decreasing cases of corona virus due to net inflow of foreign investors into stocks during the last two weeks.”

In June, FPIs pulled out Rs 2,096 crore from the debt or bond market. In this way his net investment has been Rs 13,424 crore.

Earlier in May, FPIs had withdrawn Rs 2,666 crore from Indian markets and Rs 9,435 crore in April.

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