FPIs lap up Indian equities worth Rs 35,000 crore in March

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Key Points

Notwithstanding some late selling, foreign portfolio investors (FPI) were net buyers in March with equity purchases worth Rs 35,098 crore..

The month's performance eclipsed the lacklustre show over the previous two months, aided by strong buying trends in capital goods, automobiles, financials, telecom and real estate...

In 2024, so far, FPIs have purchased domestic shares worth Rs 10,893 crore..

FPIs were big buyers in capital goods, automobiles, financials, telecom and real estate while remaining net sellers in IT, he said.. FPI buying in debt instruments has been to the tune of Rs 55,800 crore over the last three months...

Alok Agarwal, Head Quant & Portfolio Manager, Alchemy Capital Management said that FPI inflows in FY24 have remained robust so far, indicating continued foreign investor confidence in the Indian market..

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