FPI in June: After the second wave of Corona was reined in, foreign portfolio investors have remained attractive towards the Indian market in June. In June, he has put in a total of Rs 13,667 crore.
Slight sell-off was due to global sell-off.
FPI in June: Foreign portfolio investors (FPIs) have netted Rs 13,667 crore in the Indian markets so far in June. Indian markets remain attractive to foreign investors. However, this week FPIs pulled out from the Indian stock markets.
According to depository data, FPIs poured Rs 15,312 crore into equities from June 1 to 18. During this, he withdrew Rs 1,645 crore from the debt or bond market. In this way his net investment stood at Rs 13,667 crore. Earlier, FPIs had withdrawn Rs 2,666 crore in May and Rs 9,435 crore in April.
Federal’s decision to sell off
Harsh Jain, co-founder of Grow said, “The US Federal Reserve has indicated that it will start raising interest rates from 2023. This led to a sell-off on a global scale. Due to this, some withdrawal was also seen from Indian stocks.
Impact on Indian bond market
VK Vijayakumar, chief investment strategist, Geojit Financial Services, said, “The depreciating rupee is leading to increased buying in IT stocks.” Himanshu Srivastava, associate director-manager research, Morningstar India, said. The US central bank has indicated a much quicker increase in interest rates than previously estimated. This has severely affected the flow in the Indian bond market.
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