Foreign investors pump in Rs 15,352 cr in Indian equities in first two weeks of July
Mumbai/IBNS: Foreign investors infused Rs 15,352 crore into Indian equities during the first two weeks of July 2024.
This FPI (Foreign Portfolio Investment) inflow was driven by the central government's commitment to ongoing reforms, low US Federal rates, and strong domestic demand, reports said.
Foreign portfolio investors (FPIs) have made a net inflow of Rs 15,352 crore in equities during the first half of this month (till July 12), according to the data with the depositories.
As per reports, this came following an inflow of Rs 26,565 crore in equities last month (June 2024) on the back of political stability and a sharp rebound in markets.
Before that, in May 2024, FPIs withdrew Rs 25,586 crore on poll jitters and over Rs 8,700 crore in April 2024 on concerns over a tweak in the country's tax treaty with Mauritius and a sustained rise in US bond yields.
Apart from this, FPIs also invested Rs 8,484 crore in the debt market during the first two weeks of June, pushing the debt tally of Rs 77,109 crore this year so far.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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