After declining for three consecutive quarters, the value of FPI investment in Indian equities rose 8 per cent quarter-on-quarter to $566 billion in the July-September period, according to a Morningstar report on Wednesday.
A fast-changing global macroeconomic landscape, sentiments and opportunities that the Indian equity markets have to offer impacted the direction of flows by Foreign Portfolio Investors (FPIs). Through the quarter, the value of the FPI holdings domestic equities surged by 8 per cent to $566 billion from $523 billion recorded in the previous quarter.
Further, the value of such investment was $612 billion in the March quarter and 654 billion in the quarter ended December 2021, as per the report. During the quarter ended September 2021, the value of FPI investments in Indian equities was $667 billion. Consequently, foreign investors’ contribution to Indian equity market capitalisation also grew marginally during the quarter under review to 16.97 per cent from 16.95 per cent for the three months ended June 2022.
