FPIs infuse Rs 17,985 crore into Indian markets

New Delhi

As per the latest depositories data, a net sum of Rs 20,527 crore was pumped into equities by FPIs between June 1-19, while they withdrew a net Rs 2,569 crore from the debt segment.

 This took the total net investment to Rs 17,985 crore.

Prior to this, overseas investors remained net sellers for three consecutive months. They pulled out a net Rs 7,366 crore in May, Rs 15,403 crore in April and a record Rs 1.1 lakh crore in March.

 “As economies all over the world are increasing liquidity, the appetite for higher risk investments like equities is also increasing considerably.

 “This money will find its way into India as India is well placed among emerging markets,” said Harsh Jain, co-founder and COO, Groww.

 Household and personal products, oil and gas and telecom stocks have attracted most of FPIs’’ attention over the past month, he added.

 As per Rusmik Oza, EVP and head of fundamental research at Kotak Securities, the market mood is quite supportive due to gradual resumption in business activities and some positive news flows coming from the banking and financial services sector. “Since global markets are supportive, the Nifty-50 has smartly moved back above 10,000 level. If global markets don’t fall sharply in the next week, then we can expect some positive flows from FPI side,” Oza said.