Monday, May 23, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Fpis Invest Rs 13667 Crore In Indian Markets In June

FPIs invest Rs 13,667 crore in Indian markets in June

By PTI
Published: Published Date - 08:43 PM, Sun - 20 June 21
In the longer horizon, India will continue to get investments as its economy continues to expand.

New Delhi: Foreign portfolio investors (FPIs) pumped in a net Rs 13,667 crore so far in June as Indian markets continued to remain attractive to overseas investors. However, market experts noted that FPIs withdrew money from Indian equities this week. According to depositories data, FPIs invested Rs 15,312 crore in equities between June 1 and June 18.

“The US Federal Reserve has signalled that it will start raising interest rates in 2023. This caused a sell-off on a global level that caused some money to be withdrawn from Indian equities,” said Harsh Jain, co-founder and COO at Groww. However, India is not a destination where investors put in money based on short-term trends. India has always been an attractive spot for FPIs and these short-term trends will have short-term effects only, he added.

In the longer horizon, India will continue to get investments as its economy continues to expand, Jain further said. “Of late, INR depreciation is attracting incremental buying interest in IT stocks,” noted VK Vijayakumar, chief investment strategist at Geojit Financial Services. During the same period, overseas investors withdrew Rs 1,645 crore from the debt segment.

The total net inflow stood at Rs 13,667 crore. Prior to this, they had pulled out Rs 2,666 crore in May and Rs 9,435 crore in April. “The US Fed’s hawkish statement that it might raise interest rates much earlier than assumed could further adversely impact flows into Indian debt markets,” said Himanshu Srivastava, associate director – manager research, Morningstar India.

Regarding other emerging markets, Shrikant Chouhan, executive vice president, equity technical research at Kotak Securities, said that most of them have seen FPI inflows this month to date except for Taiwan and South Korea. Indonesia received $331 million and Philippines $112 million. On the other hand, Taiwan witnessed highest FPI outflows of $744 million, followed by South Korea $29 million, he added. “FPI flows are expected to be in positive trajectory this month given the pickup in vaccinations and buoyancy in tax collections,” said S Ranganathan, Head of Research at LKP Securities.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


  • Follow Us :
  • Tags
  • equities
  • Foreign portfolio investors (FPIs)
  • FPIs

Related News

  • Foreign investors pull out Rs 17,696 Cr from Indian markets in Dec so far

  • FPIs make net investment of over Rs 16,500 cr in August

  • Rupee rises 17 paise against US dollar in early trade

  • Sensex jumps over 200 points in early trade; Nifty tops 16,300

  • Sensex opens at fresh peak; succumbs to profit-booking in early trade

  • Rupee surges 18 paise to 74.10 against US dollar in early trade

Latest News

  • Opinion: Renewables cannot replace coal

    8 hours ago
  • Game On: A return to the basics

    8 hours ago
  • Hyderabad’s Malkam Cheruvu turns idyllic spot

    8 hours ago
  • Editorial: Unequal Republic

    8 hours ago
  • Hyderabad: Swanky skywalk to ease pedestrian woes at Mehdipatnam

    8 hours ago
  • AC Milan secure 1st Serie A title in 11 years

    9 hours ago
  • Current Affairs: Who did what and when?

    9 hours ago
  • IPL 2022: PBKS register 5-wicket win over SRH, finish tournament on a high

    9 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam