FPIs turn buyers for second month, invest ₹30,919 crore in August
The inflow follows ₹20,200 crore invested in July, marking a sharp turnaround after four consecutive months of heavy selling
Foreign portfolio investors (FPIs) injected ₹30,919 crore into Indian equities during August, extending their buying trend by two consecutive months. This surge in investment comes after a period of heavy selling that spanned four months, the most recent being ₹49,340 crore in June. The inflow follows a ₹20,200 crore investment in July, marking a significant reversal from the four consecutive months of withdrawals.
Prior to this buying spree, FPIs had invested ₹22,615 crore in February. While the overall picture shows a shift towards net selling, with withdrawals amounting to ₹2.23 lakh crore this year, the FPIs' buying behavior in August signals a potential turnaround in sentiment. Factors such as improving domestic fundamentals, stable rupee, and easing geopolitical concerns have contributed to this trend.
However, uncertainties surrounding West Asia tensions and crude oil prices, along with potential U.S.-Canada trade disputes, could impact the momentum of this trend. Corporate earnings growth and resilient economic activity have also played a role in bolstering investor confidence.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- FPIs turn buyers for second month, invest ₹30,919 crore in August thehindu.com
- FPIs turn buyers for second month, invest ₹30,919 crore in August business-standard.com
