FPIs net buyers of Indian equities at Rs 30,772 crore in July so far. Know what they are spending on
Foreign Portfolio Investors (FPIs) have bought Indian equities worth Rs 30,772 crore so far in July, continuing their shopping spree. The total investments by them stand at Rs 33,973 crore in 2024 so far.
In June, the FPIs had bought Indian shares worth Rs 26,565 crore after remaining net sellers in April and May when they sold equities worth Rs 8,671 crore and Rs 25,586 crore, respectively. In February and March too they were net buyers at Rs 1,539 crore and Rs 35,098 crore, respectively, after starting the year on a negative note in January, when they offloaded shares worth Rs 25,744 crore.
On Friday, the foreign institutional investors (FIIs) were net buyers at Rs 1,506.12 crore while the domestic institutional investors were net sellers at Rs 461.56 crore.
In the fortnight ending June 30, FPIs bought heavily in telecom and financial services, Expert V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
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They were also buyers in autos, capital goods, healthcare and IT while remaining sellers in metals, mining and power sectors on the back of faster than estimated run in the recent months, this analyst said.
«FPIs have been consistent buyers in July so far with buying
