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FPIs' monthly investments hit 3-vr high in Dec
Mint Mumbai
|December 23, 2023
Foreign portfolio investor (FPI) inflows in December hit the highest in any month in the past three years, signalling the rising heft of the Indian stock market among global peers. With four more trading sessions left in the year, December 2023 could potentially set a monthly record for FPI buying.
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FPIs have net invested ₹57,313 crore in Indian shares in the month through 21 December, according to depository data. This is the highest inflow in any month since they pumped in ₹62,016 crore in December 2020, the record for any month.
A major part of the monthly inflow went into financial services, which attracted a net investment of a whopping ₹22,891 crore in the first half of the month, according to National Securities Depository Ltd. Healthcare was their second top pick .with a net investment of ₹3,449 crore, followed by auto and auto components, which attracted ₹3,309 crore during 1-15 December.
Dit verhaal komt uit de December 23, 2023-editie van Mint Mumbai.
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