Monsoon hopes: FPIs invested Rs 4,400 cr in June

Monsoon hopes: FPIs invested Rs 4,400 cr in June

FPJ BureauUpdated: Thursday, May 30, 2019, 02:47 PM IST
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New Delhi: Continuing their bullish stance on India, foreign investors have pumped in close to Rs 4,400 crore into the country’s stock markets so far this month, driven by hopes of an above normal monsoon. It comes following a staggering inflow of more than Rs 32,000 crore in the preceding three months (March-May).      Foreign Portfolio Investors (FPIs) turned net buyers of equities in March after pulling out a massive Rs 41,661 crore from the market in the previous four months (November- February). Market experts attributed the inflows to upbeat investors sentiment on account of strong macroeconomic data, encouraging fourth quarter earnings, string of key Cabinet decisions and a forecast of good monsoon.

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