Foreign investors have pulled out more than Rs 3,300 crore from Indian stock markets so far this month, mainly on account of better returns from Asian peers, concerns over a slow revival in corporate earnings and continued worries over taxation issues.
However, in debt markets, Foreign Portfolio Investors (FPIs) invested Rs 1,500 crore in the country’s during the same period.
FPIs made gross purchase of shares to the tune of Rs 78,914 crore during June 1-19, while they sold stocks worth Rs 82,248 crore, taking the total net inflow to Rs 3,334 crore, shows latest data from depositories.
FPIs made gross purchase of shares to the tune of Rs 78,914 crore during June 1-19, while they sold stocks worth Rs 82,248 crore, taking the total net inflow to Rs 3,334 crore, shows latest data from depositories.
Data showing acceleration in industrial production growth and easing of food price inflation and expectations that above-average monsoon rain will improve the odds for further monetary policy easing from Reserve Bank are expected to help FPIs to infuse money, experts noted.
During January to April, investments by FPIs totalled Rs 94,241 crore, but month-on-month analysis shows the fund flows are witnessing declining trend.
FPI investments in January this year stood at Rs 33,688 crore, before dropping to Rs 24,564 crore in February, Rs 20,723 crore in March and Rs 15,266 crore in April and finally an outflow of Rs 14,272 crore in May.
Since January, overseas investors have invested a net amount of Rs 78,244 crore in the capital markets (debt and equities)
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