Personal FinanceFPIs invested Rs 49,250 crore in Indian equity market in August, improvement...

FPIs invested Rs 49,250 crore in Indian equity market in August, improvement in corporate earnings fueled enthusiasm

In August, apart from India, FPIs also made purchases in Indonesia, South Korea and Thailand. While during this period he has been a net seller for the Philippines and Taiwan.

After being a net buyer in the month of July, FPIs have made strong buying in the Indian equity market in August as well. Encouraged by good corporate results and improving macro fundamentals, FPIs have made equity purchases of Rs 49,250 crore so far in August. Before this, FPIs had made purchases worth Rs 5,000 crore in July.

FPIs became net buyers in July after nine consecutive months of heavy selling. The selling phase by FIIs started from October 2021. From October 2021 to June 2022, FPIs had sold Rs 2.46 lakh crore. Vivek Banka of fintech platform GoalTeller says that the investment coming from FPIs in the coming.

VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, says US Fed Chairman Jerome Powell’s over-aggressive stance on Jackson Hole is quite negative for equity markets. This can have a negative impact on the money coming in from FPIs in the country in the short term.

Data from depositories shows that FPIs invested a net Rs 49,254 crore in the Indian equity market during August 1-26. This is his biggest investment so far in the current year.

Dhana ‘s founder Jai Prakash Gupta says that despite high crude oil prices and fears of a global recession, foreign investment is coming into India. Thebiggest reason for this is strong corporate earnings. On the other hand, Shrikant Chauhan of Kotak Securities says that considering the improvement in corporate earnings and macro fundamentals, FPIs have again turned to India.

VK Vijayakumar says foreign investors continued to buy in the Indian equity market in August despite the rise in US bond yields and dollar. FPIs are buying in India even amid the strengthening of the dollar, a sign of their confidence in the Indian economy.

In August, apart from India, FPIs also made purchases in Indonesia, South Korea and Thailand. While during this period he has been a net seller for the Philippines and Taiwan.

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