Foreign portfolio investors continue buying, selectively adding to their July bets in August
After a robust July, foreign portfolio investors increased their equity acquisitions in August, marking a moderate uptick. Domestic institutional investors also continued their purchasing activities, though at a more measured pace. This buying spree aligned with a surge in IPO and OFS issuances within Indian markets. Interestingly, foreign investment trends shifted away from South Korea while…
Foreign portfolio investors (FPIs) have resumed buying Indian equities in August, following a period of selling that lasted four months. In July, FPIs recorded net purchases of around $2.45 billion, and in August so far, they have purchased an additional $2.7 billion. Domestic institutional investors (DIIs) have also remained active, buying around $3.65 billion in July and $4.6 billion in August so far, though their buying activity has been about 50% below their average monthly investment over the previous six months.
Rajesh Palvia, head of research at Axis Securities, attributes the recent FPI buying to selective opportunities presented by stake-sale transactions such as offers for sale (OFS), qualified institutional placements (QIPs), and other block deals. The Indian markets witnessed over ₹1.15 lakh crore in combined IPO, QIP, and OFS issuances during July and August, driven by promoters and early-stage private equity selling stakes through block and bulk deals.
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