Foreign investors continue to buy Indian stocks, record high

Foreign portfolio investors (FPIs) displayed a robust interest in the Indian market during July, as they purchased Indian shares valued at Rs 46,618 crore ($5.63 billion) on a net basis, according to data released by the National Securities Depository Ltd (NSDL) on Friday. This marks the highest monthly FPI inflow since August 2022.

- 

The consistent influx of FPI investments has been a driving force behind the upward trajectory of the prominent Nifty 50 and S&P BSE Sensex indices, propelling them to achieve record highs. Notably, the Nifty 50 registered a 2.94% increase in July. This recent trend of FPI net buying of Indian equities has persisted from March to July, encompassing five consecutive months. During this period, FPIs procured shares amounting to Rs 1.5 trillion, catalysing a noteworthy 14.15% upsurge in the Nifty 50 index.