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FPIs reverse selling trend; invest ₹378 cr in equities in November
Mint Mumbai
|November 27, 2023
Foreign Portfolio Investors (FPIs) have pared their bearish stance on Indian equities during November as they made a net investment of ₹378 crore on the sharp decline in US treasury bond yields.
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This came after FPIS dumped Indian equities worth ₹24,548 crore in October and ₹14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August when they brought in ₹1.74 trillion.
Overall, the trend for 2023 remains healthy, with FPIS pouring in ₹96,340 crore so far this year.
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