FPIs pump ₹43.8K cr in Jul; valuations rise

Indian equity markets continue to draw foreign portfolio investments as foreign investors put in ₹43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy. With this, inflow in the equity market reached ₹1.2 trillion so far this year, data with the depositories showed.

- 

Market analysts are of the view that the outlook for FPI inflows into Indian equities remains quite bright and broad-based.

The concern, however, is the rising valuations. At high valuations, some negative triggers can lead to a sharp correction, V K Vijayakumar, chief investment strategy at Geojit Financial Services, said.