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FPIs pour over Rs 40,000 cr into Indian equities
The Business Guardian
|March 18, 2024
FPIs came back strongly to invest in the Indian equity markets, buying shares worth Rs 40,710 crore in the first fortnight of the month amid an improvement in the global economic landscape and robust domestic macroeconomic outlook.
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The inflows came following a modest investment of Rs 1,539 crore in February and an outflow of Rs 25,743 crore in January, data with the depositories snowed.
FPIs have been changing their strategy in response to the changes in the bond yields in the US. Therefore, now that US bond yields
have again spiked up in response to stubborn inflation, they may again turn sellers in some of the days, going forward, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
In March, Foreign Portfolio Investors (FPIs) turned big buyers but this figure includes some bulk deals executed through the stock exchanges and, therefore, is not a true indicator of FPI activity.
This story is from the March 18, 2024 edition of The Business Guardian.
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