Rs 8,800 crore-inflows! FPIs flock to D-Street in new financial year

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Key Points

BENGALURU - Foreign portfolio investors (FPIs) started the new financial year buying Indian equities, according to National Securities Depository Ltd (NSDL) data...

FPIs purchased shares worth Rs 8767 crore ($1.07 billion) on a net basis in the first half of April..

They had been net buyers in the previous month too, but that was largely due to U.S. boutique investment firm GQG Partners' $1.87 billion investment in four Adani Group companies in early March...

Rarely have foreign investors been aggressive sellers of Indian equities for three years in a row," G Chokkalingam, founder and head of research at Equinomics, said.. Aided by the FPI buying, the Nifty 50 rose 2.7% in the first half of April..

After selling financial services shares worth Rs 29,993 crore in FY2023, FPIs bought Rs 4,410 crore in the sector in the first half of April..

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