FPIs turn net buyers of equities in Jan so far; invest Rs 3,202 cr

After three months of selling spree, foreign investors have turned net buyers in the first week of January by infusing Rs 3,202 crore in Indian equities, as correction in markets provided them good buying opportunity. Going forward, FPIs flows will remain volatile on the expectation of the US Fed rate hike, rising concerns over the Omicron variant and elevated inflation levels, experts said.


The latest inflow came after witnessing a net outflow of Rs 38,521 crore during October-December 2021. Before that, foreign portfolio investors (FPIs) had made a net investment of Rs 13,154 crore in September last year.


According to data available with the depositories, FPIs have infused a net sum of Rs 3,202 crore in the Indian equities during January 3-7.


Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said, "Intermittent buying by FPIs could be attributed to the correction in the markets interim, which would have provided them some good buying opportunity".


Source: economictimes