Foreign portfolio investors invest ₹26,565 crore in Indian equities in June
The HinduAfter two months of net outflow, foreign investors turned buyers in June, infusing ₹26,565 crore in Indian equities, driven by political stability and a sharp rebound in markets. According to the data with the depositories, Foreign Portfolio Investors have made a net infusion of ₹26,565 crore in equities this month. Geojit Financial Services Chief Investment Strategist V. K. Vijayakumar said political stability, despite the BJP not getting a majority on its own, and the sharp rebound in markets aided by steady domestic institutional investors buying and aggressive retail buying, has forced the FPIs to turn buyers in India. "With government stability assured, impressive GDP performance and forecasts, stable consumer price index, ample forex reserves and robust banking sector health, I anticipate a steady and substantial FPI inflow," Kislay Upadhyay, smallcase Manager & Founder Fidelfolio, said.