FPIs turn net buyers of Indian equities at Rs 12,170 crore in June so far after two months of selling
Foreign portfolio investors (FPIs) seemed to have shrugged-off their selling trends of the last two months turning net buyers as we reach towards the end of the June series. As on June 21, they had bought Indian equities worth Rs 12,170 crore.
From the position of being net sellers till last week they came a long way at the end of this holiday-shortened week. In the first week of June they were net sellers of domestic equities at 14,794 crore but narrowed the sale figures to Rs 3,064 crore at the end of the second week.
However, their position as a net seller still remains intact for the full year, so far. They have off-loaded equities worth Rs 11,194 in 2024.
A break-up of the FPI data since January shows that FPIs were net sellers in January, April and May as they pared down shares worth Rs 25,744 crore, Rs 8671 crore and Rs 25,586 crore, respectively. In February and March they were net purchasers of domestic equities at Rs 1,539 crore and Rs 35,098 crore, respectively.
On Friday, the Indian headline indices ended in the red, breaking their six-session gaining streak dragged by sell-off by the foreign institutional investors (FIIs). They were net sellers at Rs 1,790.19. As for the domestic institutional investors (DIIs), they ended-up buying shares amounting to Rs 1,237.21 crore.
Commenting on this year’s FPI trends, expert V K Vijayakumar, who is Chief Investment Strategist at Geojit Financial Services had said that FPIs are regarding Indian valuations to be very high and therefore capital has been shifting
