FPIs pump ₹13,347 crore in Indian equities, debt flows reduce in April so far: Will inflows continue in FY25?
₹13,347 crore worth of Indian equities and the total inflow stands at ₹15,706 crore as of April 12, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt inflows stand at ₹1,522 crore so far this month. "There is slight deceleration in debt flows which stood at ₹1,521 crore.
Friday witnessed big FPI selling to the tune of ₹8,027 crore on fears of changes in India-Mauritius tax treaty. This will weigh on FPI inflows in the near-term till clarity emerges on details of the new treaty,'' said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Foreign institutional investors (FIIs) were net sellers in Indian markets as outflows were higher than net investments last week. Inflows led by domestic institutional investors (DIIs) continued which balanced the outflows by foreign investors. FIIs were sellers for four out of five sessions last week and the net outflow stands at ₹ crore, while DIIs were buyers for all sessions, with a total investment of ₹ crore, according to stock exchange data.
On the macro-economic factors, forthcoming general elections and large companies reflecting profound earnings along with decent valuations would stimulate India to be on the top spot amongst the global emerging markets to look out for atleast next 2-3 years, said market analysts. However, apart from the India-Mauritius tax treaty, another major concern is the surcharged geopolitical situation in the Middle East with heightened tensions between Iran and Israel. These will keep the markets on tenterhooks in the near-term, according to market analysts.
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