FPIs investment hit 9-month high in May on strong domestic macro-outlook
Foreign Portfolio Investors (FPIs) pumped in Rs 43,838 crore in Indian equities in May, the highest level in nine months, supported by strong macroeconomic fundamentals, and reasonable valuations.
FPIs continued the buying stance in June too, and invested Rs 6,490 crore in just two trading sessions of the month, data with the repositories showed.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said that inflow by FPIs will continue in the current month since the latest GDP data and high-frequency indicators reflect a robust economy gaining further strength.
According to the data, FPIs invested a net sum of Rs 43,838 crore in the Indian equities in the entire month of May.
This is the highest level of investment by FPIs in the last nine months. Before this, they put in a net sum of Rs 51,204 crore in equities in August 2022, data showed.
This came following a net infusion of Rs 11,630 crore in equities in April and Rs 7,936 crore in March.
The March inves