GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

FPI's Net Inflow at 2,300 Crore in July

According to the latest depository data, foreign portfolio investors (FPIs) pumped in a net sum of Rs 2,264 crore in equities in July and Rs 48 crore in the debt market, taking the total net investments to Rs 2,312.

PTI

Updated:August 5, 2018, 10:51 AM IST
facebookTwittergoogleskypewhatsapp
FPI's Net Inflow at 2,300 Crore in July
Photo used for representation.
Loading...
New Delhi: Foreign investors poured in over Rs 2,300 crore in the Indian capital markets in July, after pulling out funds for three months in a row, largely due to expectations of a lower trade deficit following a correction in crude oil prices.

According to the latest depository data, foreign portfolio investors (FPIs) pumped in a net sum of Rs 2,264 crore in equities in July and Rs 48 crore in the debt market, taking the total net investments to Rs 2,312.

The latest inflow comes after such investors had taken out more than Rs 61,000 crore from the capital markets (equity and debt) during April-June. Prior to that, FPIs had invested Rs 2,662 crore in March.

"The inflows were more in line with what has been happening around in the world, but can't attribute anything specific except that correction in crude prices could actually lead to lower trade deficit and (ease) the pressure on the currency," said R Sreesankar, head of institutional equities at Prabhudas Lilladher.

Susmit Patodia, head of sales at Motilal Oswal Institutional Equities, said FPIs returning back to India in July is a significant positive, considering it coincides with slowing down of domestic flows.

"India has under-performed the emerging market index from the beginning of 2015 to June 2018 by 400 basis points.

"This under-performance served as a good foundation for investors to come back. Interestingly, in the last 10 years, FPIs in India have never pulled out material capital for more than three months in a row. The July inflow comes right on cue on that," he added.

Overall, so far this year, FPIs have withdrawn nearly Rs 4,100 crore from equities and over Rs 38,000 crore from the debt markets.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 180.35 3.23
PC Jeweller 83.80 6.68
Reliance 1,112.20 0.47
Infosys 706.05 1.19
HDFC 1,904.10 -1.95
Company Price Change %Gain
Yes Bank 180.35 3.23
PC Jeweller 83.55 6.64
Jet Airways 259.95 3.22
Indiabulls Hsg 792.80 2.40
IOC 141.45 3.10
Top Gainers
Company Price Change %Gain
Bharti Airtel 319.25 5.33
Yes Bank 180.35 3.23
BPCL 345.30 3.11
IOC 141.25 2.80
ONGC 146.85 2.48
Company Price Change %Gain
Bharti Airtel 318.80 5.32
Yes Bank 180.35 3.23
ONGC 146.95 2.58
NTPC 143.65 1.84
Asian Paints 1,340.05 1.51
Top Losers
Company Price Change %Gain
HDFC 1,904.10 -1.95
HCL Tech 961.20 -1.72
JSW Steel 293.10 -1.66
Wipro 333.10 -1.64
Titan Company 931.50 -1.34
Company Price Change %Gain
HDFC 1,904.15 -1.95
Wipro 333.10 -1.67
Larsen 1,411.55 -0.95
Adani Ports 368.95 -0.65
Sun Pharma 419.75 -0.57

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results