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FPI drops to Rs 2,916 crore on back of high valuations
The Business Guardian
|July 28, 2024
Net investments by Foreign Portfolio Investors (FPIs) in the Indian equity market declined to Rs 2,916 crore for the week ending July 26, due to investor selling amid budget uncertainty.
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As per data from the National Securities Depository Limited, last week foreign investors injected Rs 15,420 crore into Indian markets, but their buying declined significantly for the week July 22-26.
So far in July, the net investment by FPIs in the equity market stands at Rs 33,688 crore. This year’s total investment by foreign investors has now surged to Rs 1,39,010 crore.
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