FPIs invest ₹32,365 crore in equities during July, turn net sellers in early August - CNBC TV18

Category: Finance

Foreign portfolio investors (FPIs) invested ₹32,365 crore in Indian equities in July, an increase from ₹26,565 crore in June, driven by expectations of policy reforms and economic growth. However, they withdrew ₹1,027 crore in the first two days of August. The trend in FPI flows is mixed following the budget announcement on capital gains tax. Analysts suggest that US economic developments will influence FPI trends in August, with potential interest rate cuts expected from the US Fed. FPIs also invested ₹22,363 crore in the debt market in July, totaling ₹94,628 crore for the year.

Keywords: Foreign Portfolio Investors, Indian Equities, Economic Growth

Source: CNBC TV18

Update At: 8/5/2024

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