FPIs put in Rs 5,300 cr into equities in Feb

Foreign investors have put in over Rs 5,300 crore into the Indian equity market in the first half of this month, primarily on account of positive view on the Interim Budget 2019-20.
FPIs put in Rs 5,300 cr into equities in Feb

New Delhi

The infusion into the equity market comes following a pull-out of Rs 5,264 crore by foreign portfolio investors (FPI) in January.

According to the latest data available with depositories, a net sum of Rs 5,322 crore has been pumped into equities during February 1-15. However, FPIs pulled out a net amount of Rs 248 crore from the bond market during the period.

This has translated into a net investment of Rs 5,074 crore in the country’s capital markets (equity and debt together).

FPIs have turned into net buyers in February so far as India is one of the promising emerging markets, analysts said, adding that sustainability of the economic growth and formation of a stable government at the Centre will play significant roles in the FPI flows.

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