FPIs remain net buyers in June, invest Rs 11,132 cr

| | New Delhi
  • 0

FPIs remain net buyers in June, invest Rs 11,132 cr

Sunday, 16 June 2019 | PTI | New Delhi

FPIs remain net buyers in June, invest Rs 11,132 cr

Foreign investors remained net buyers in the domestic capital markets in June, pouring in a total of Rs 11,132 crore on a net basis this month so far, according to depositories' data.

Foreign portfolio investors (FPI) pumped in a net sum of Rs 1,517.12 crore into equities and Rs 9,615.64 crore into debt during June 3-14, the data showed.

The inflows in the debt category remained strong and steady driven by positive market sentiment after the re-election of BJP-led NDA government, Groww COO Harsh Jain said. Also, rupee stabilizing against the dollar may also have triggered the inflows in debt segment, he added.

Prior to this, FPIs had invested a net Rs 9,031.15 crore in May, Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February in the capital markets (both equity and debt).

"FPIs have been net buyers since February when the "foreign inflows were triggered by the dovish stance taken by the central banks globally, while in recent days FPI flows increased after the NDA received a massive mandate," VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said.

With election done and euphoria around it subsiding, the focus would now be on the steps that the government takes in order to bring the economy back on track, he added.

"FPIs would watch the government's road map towards fiscal consolidation, fiscal deficit target and the steps it would take to propel economic growth. Also, some profit booking cannot be ruled out," said Himanshu Srivastava, senior research analyst, manager research at Morningstar.

Considering the global outlook, Vijayakumar said, "FPI flows are expected to continue in the light of the sell-off in global bond markets triggered by fears of a global economic slowdown. A major uncertainty in the markets, globally, is the outcome of the ongoing trade skirmishes between the US and China."

If there is a trade deal between the US and China, all markets are likely to move up, he added.

State Editions

MP wins a silver medal in swimming

21 January 2020 | Staff Reporter | Bhopal

Five drug peddlers nabbed

21 January 2020 | Staff Reporter | Bhopal

Women’s protest against CAA continues in Lko

21 January 2020 | PNS | Lucknow

Pratishodh Ki Aag performed at Rangashri Little Ballet Troupe

21 January 2020 | Staff Reporter | Bhopal

BSP leader joins SP along with 200 supporters

21 January 2020 | PNS | Lucknow

Sunday Edition

Soleimani’s killing: A new chapter in US-Iran enmity

19 January 2020 | Yasir Ali Mirza | Agenda

Will Trump’s trial be an endgame?

19 January 2020 | Manan Dwivedi | Agenda

Weekly Natter

19 January 2020 | Pioneer | Sunday Pioneer

Cheers to Italian luxury

19 January 2020 | Shalini Saksena | Sunday Pioneer

Talktime | ‘TRPs have eaten up content’

19 January 2020 | MUSBA HASHMI | Sunday Pioneer

The rapist is you

19 January 2020 | MUSBA HASHMI | Sunday Pioneer