FPIs purchase Indian stocks worth Rs 13,347 crore in April so far
The Business Guardian|April 15, 2024
Foreign portfolio invesremain net buyers for the third month in April in Indian stock markets. So far in the month, they bought stocks worth Rs 13,347 crore in India, National Securities Depository Limited (NSDL) data showed.
FPIs purchase Indian stocks worth Rs 13,347 crore in April so far

Foreign portfolio investment (FPI) involves an investor buying foreign financial assets.

FPIs had aggressively sold Indian stocks and turned net sellers in the Indian equity market in January 2024, before turning net buyers thereafter.

"A major concern is the surcharged geopolitical situation in the Middle East with heightened tensions between Iran and Israel. These will keep the markets on tenterhooks in the near term," said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, on the FPI outlook.

This story is from the April 15, 2024 edition of The Business Guardian.

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This story is from the April 15, 2024 edition of The Business Guardian.

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