New Delhi/Mumbai: Foreign Portfolio Investors (FPIs) have remained net buyers of Indian equities worth 708 crore rupees during the first three trading sessions of July.
The positive momentum seen last week stands in contrast to the broader trend observed throughout June.
Last month, FPIs were net sellers in equities to the tune of 49,340 crore rupees.
Conversely, debt markets saw substantial net buying in June, with FPIs investing Rs 30,620 cr under the General Limit, Rs 21,652 cr under the Fully Accessible Route, and Rs 3,246 cr under the Voluntary Retention Route.
The inflows were supported by a series of measures announced by the government and the Reserve Bank of India to attract stable long-term foreign capital, deepen the government securities market, and strengthen country’s debt market.
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Overall, June closed with a net FPI inflow of around Rs 4,669 crore across all segments, following three months of consecutive outflows.
Markets ended the week on a firm footing, supported by resilient domestic macroeconomic indicators, healthy GST collections, improving industrial activity, and continued expansion in both manufacturing and services.
Expectations of a more accommodative global monetary policy following softer-than-expected U.S. labour market data further strengthened investor sentiment.
Despite mixed global cues and some moderation in India's services sector activity, benchmark indices remained resilient.
The Nifty gained 0.90% to close at 24,270.80, while the Sensex advanced 0.86% to settle at 77,763.91. Broader markets outperformed the benchmarks, with the Midcap and Smallcap indices rising 1.18% and 1.12%, respectively, reflecting improving risk appetite beyond large-cap stocks.
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Ends.
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