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FPIS POUR IN RS 47,148 CRORE IN INVESTMENTS
The Business Guardian
|July 03, 2023
FPI investment reached its highest level in 10 mos in June. Prior to this, they had invested net sum of Rs 51,204 cr in shares in Aug 22
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Foreign Portfolio Investors (FPIs) have pumped Rs 47,148 crore in the Indian equities in June, making it the highest inflow in 10 months, enthused by the country's steadily improving macroeconomic fundamentals. However, inflows in July may be subdued as FPIs might adopt cautious stance due to the recent comments from the US Federal Reserve, Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said.
Besides, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said FPIs are likely to turn a bit cautious going forward as valuations in the country are rich from a short-term perspective. According to the data, FPIs invested a net sum of Rs 47,148 crore in Indian equities in June.
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