FPIs invest ₹378 cr in Indian stocks, snap 3-month selling streak; here’s why
Foreign portfolio investors (FPIs) have finally reversed their selling streak this month, after emerging as net sellers in August, September and October on a sharp spike in US bond yields amid ongoing geopolitical tensions in the Middle East.
FPIs have bought ₹378 crore worth of Indian equities and the total inflow stands at ₹13,673 crore as of November 24, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data.
FPIs were net buyers till November 15, but reversed the selling trend and invested on November 15 and 16. During August, September October and till November 15, FPIs cumulatively sold stocks for ₹83,422 crore through the exchanges.
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Updated: 25 Nov 2023, 05:19 PM IST
