FPIs pump ₹22,766 crore in Indian equities; Will the inflows continue in December? Experts weigh in
Live MintForeign portfolio investors took a sharp U-turn and turned net buyers on positive domestic indicators in December, snapping their robust two-month selling streak. According to the National Securities Depository Ltd data, FPIs invested ₹22,766 crore in Indian equities this month, and net inflows stood at ₹34,318 crore as of December 13, taking into account debt, hybrid, debt-VRR, and equities. “FIIs turning buyers in December 2024 after relentless selling in October and November has contributed to the recovery in the market from the November lows," said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The total buy figure, including the exchange buying and buying through the ‘primary market and others category’, stood at ₹22,765 crore as of December 13," added Dr. V K Vijayakumar. FPIs snap two-month selling streak FPIs were net sellers in Indian markets last month amid the uptrend in the US market and US bond yields, fueled by Republican Donald Trump's victory in the US presidential elections and the US Federal Reserve's interest rate cut verdict.