FPIs return as buyers in December, purchase equities worth ₹14,000 crore in Indian stock market
Live MintForeign portfolio investors turned net buyers in December, reversing the trend of fund withdrawals observed over the past two months. In the most recent session, FPIs purchased Indian equities worth ₹8,539.9 crore, followed by ₹1,797.6 crore and ₹3,664.7 crore in the prior two sessions, bringing the total cumulative inflows to ₹14,002 crore, according to NSDL data. FPIs invested ₹17,704 crore in the primary market during November, resulting in a net outflow of ₹21,612 crore for the month. FPIs invested ₹1,03,601 crore in the primary market as of November, surpassing the ₹43,347.1 crore invested in 2023. Dr V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, "FIIs turning buyers in December, in a total reversal of their sustained selling strategy during the last two months, has altered the market sentiments in favour of the bulls.