FPIs to remain cautious on India until clarity comes on Q3 FY25 earnings: Report
Live MintMumbai, January 8 : Foreign portfolio investors are expected to adopt a cautious stance on Indian equities until there is clarity on the recovery in Q3 FY25 earnings and fair market valuations, says a report by Shriram Mutual Funds. It said "FPIs are likely to remain cautious on India until there is clarity on Q3FY25 earnings recovery and fair valuations" In 2024, FPIs investment in equities remained positive but it declined around 99 per cent as compared to 2023 and they ended the year on a more cautious note. Data from the National Securities Depository Limited revealed that October witnessed the highest selling by foreign investors, who offloaded equities worth ₹91,934 crore. For the calendar year, DIIs bought equities worth ₹4.18 lakh crore, while FPIs recorded net sales of ₹72 crore.