FPIs still hopeful, invest Rs.4,400 cr in June
The Dollar Business Bureau Showing optimism on India’s economy, foreign investors have invested nearly Rs.4,400 crore into the stock markets of the country so far this month, supported by the hopes of above normal monsoon. The investment comes after a huge inflow of over Rs.32,000 crore during the March-May period. Foreign Portfolio Investors (FPIs) became net purchasers of equities in the month of March after taking out a huge Rs.41,661 crore from the market in the preceding four months (from November to February). According to market experts, the inflows are the result of positive sentiments by investors in the wake of robust macroeconomic data, positive earnings in the fourth quarter, some major government decisions and a prediction of good monsoon. In addition, investors ...
Hot money loses steam: FPI inflows into stocks dip
Source: PTI A favourite of foreign investors for many years, Indian equities seem to have lost the plot this year as the net inflows of the so-called ‘hot money’ or foreign portfolio investments dipped below $3 billion. This marks a sharp decline from an average $20 billion invested by the Foreign Portfolio Investors (FPIs) into Indian stocks in each of the last three years. In contrast, the debt market kept overseas institutional investors captivated with its relatively steadier return promise and attracted net inflows in the excess of Rs.50,000 crore (well above $8 billion) this year. With a couple of weeks still left before curtains are drawn on 2015, the experts believe the final tally for the equities may be ...
