FPIs pump ₹2.37 lakh crore in Indian markets this year; December clocks highest inflows at ₹66,135 crore
₹66,135 crore worth of Indian equities and the total inflow stands at ₹84,537 crore as of December 29, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. FPIs heavily bought stocks in financial services, according to analysts. For the entire calendar year 2023, FPIs bought ₹1.71 lakh crore in Indian equities and the total inflow stands at ₹2.37 lakh crore taking into account debt, hybrid, debt-VRR, and equities, according to NSDL data.
FPIs' net investment in Indian debt market stands at ₹68,663 crore during 2023. FPIs were net sellers in August, September and October on a sharp spike in US bond yields amid ongoing geopolitical tensions in the Middle East. FPIs were net buyers till November 15, but reversed the selling trend and invested on November 15 and 16.
During August, September October and till November 15, FPIs cumulatively sold stocks for ₹83,422 crore through the exchanges. FPI inflows into Indian equities during November stood at ₹9,001 crore, compared to over ₹39,000 crore worth of shares sold in September and October together, according to NSDL data. Taking into account debt, hybrid, debt-VRR, and equities, FPI inflows were at ₹24,546 crore during the month.
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "2023 has witnessed big investment by FPIs thanks to the sharp uptick in flows in December.
FPI inflows which were negative in the previous three months have sharply turned positive in December with total buying of ₹ ₹66,134 crore. This figure includes the buying through stock exchanges and investment in the primary market. The total FPI inflows in 2023 stand at ₹1,71,106 crore The steady decline in U.S.
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