Foreign portfolio investors (FPIs) made a net investment of Rs 13,269 crore in the Indian markets in June, changing the trend after increasing selling for two months. Himanshu Srivastava, Associate Director (Managerial Research), Morningstar India, said that this could be due to the continuous decrease in Kovid-19 cases in the country, which has raised hopes of a faster opening of the economy.
Along with this, good results in the first quarter of the year and positive earnings growth trend in the long run is the reason for increasing FPI interest in Indian stocks, he said.
According to depository data, FPIs invested Rs 17,215 crore in equities and pulled out Rs 3,946 crore from the bond market between June 1 and June 30. In this way a total net investment of Rs 13,269 was made on his part during this period. Earlier in May and April, foreign investors had withdrawn Rs 2,666 crore and Rs 9,435 crore respectively.
