FPIs remain net buyers in June, invest Rs 11,132 crore

FPIs remain net buyers in June, invest Rs 11,132 crore

Foreign portfolio investors (FPI) remained net buyers in the domestic capital markets in June, pouring in a total of Rs 11,132 crore on a net basis this month so far, according to depositories' data.

AgenciesUpdated: Sunday, June 16, 2019, 07:35 PM IST
article-image

New Delhi: Foreign portfolio investors (FPI) remained net buyers in the domestic capital markets in June, pouring in a total of Rs 11,132 crore on a net basis this month so far, according to depositories' data. FPI pumped in a net sum of Rs 1,517.12 crore into equities and Rs 9,615.64 crore into debt during June 3-14, the data showed.

The inflows in the debt category remained strong and steady driven by positive market sentiment after the re-election of BJP-led NDA government, Groww COO Harsh Jain said. Also, rupee stabilizing against the dollar may also have triggered the inflows in debt segment, he added. FPIs had invested a net Rs 9,031.15 crore in May, Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February in the capital markets.

"FPIs have been net buyers since February when the "foreign inflows were triggered by the dovish stance taken by the central banks globally, while in recent days FPI flows increased after the NDA received a massive mandate," VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said.

With election done and euphoria around it subsiding, the focus would now be on the steps that the government takes in order to bring the economy back on track, he added. "FPIs would watch the government's road map towards fiscal consolidation, fiscal deficit target and the steps it would take to propel economic growth. Also, some profit booking cannot be ruled out," said Morningstar.

RECENT STORIES

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byjus's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29...

A Big Relief For Byjus's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29...

Your Chocolates To Get Costly As Cocoa Price Surges To ₹8,33,892 Per Ton

Your Chocolates To Get Costly As Cocoa Price Surges To ₹8,33,892 Per Ton