Aug 18, 2023
By: Sourabh Jain
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Foreign portfolio investors (FPIs) have turned cautious in August, unlike July when they bought stocks worth ₹46,000 crore.
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While FPIs have remained net buyers, the inflows have been significantly less when compared to the last 4 months.
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The net inflows from FPIs in equities is ₹737.16 crore till August 16, as per data from NSDL.
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Last month, FPIs invested ₹46,618 crore in India in equities. In the first half of August, the net investment from FPIs is ₹737 crore.
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Equities recorded the highest inflows from FPIs in June this year so far at ₹47,148 crore. July recorded the highest inflows from FPIs since August 2022.
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As per sectoral data from NSDL, the major segments where FPIs invested in July include financial services, oil & gas, capital goods and consumer goods.
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As per sectoral data from NSDL, the major segments where FPIs divested in July include chemicals, metals & mining and textiles.
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FPIs have invested ₹1,49,235 crore in equities in India in the first four months of FY24.
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The high US bond yields and profit bookings by FPIs are among the reasons for the reduced inflows in August, as per VK Vijayakumar, chief investment strategist, Geojit Financial Services.
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