Foreign investors have made a stellar comeback to Indian equity markets with an 11,730 crore rupee inflow. Foreign investors have been selling equity in Indian markets for the last few months. The trend changed from the previous week when Foreign Institutional Investors (FIIs) invested in the Indian equity market. FIIs sold more than 40,000 crore rupees of equity in May which is the biggest figure in any month of 2024 so far.
According to data from depositories, Net FIIs’ outflow for the month stood at 3,064 crore rupees as of June 14. Foreign investors had sold 14,794 crore rupees equity between June 3 and June 7. They are preferring the debt market instead of equity. So far this month till June 14, FIIs have invested 5,700 crore rupees in the debt market. This renewed interest in Indian markets has had a positive impact. Both the Sensex and Nifty reached new all-time highs last week, with the Sensex hitting 77,145 and the Nifty reaching 23,490. These milestones are strong indicators of a bullish market trend.
Disclaimer: This press release is sourced from News On AIR, Prasar Bharti and Press Information Bureau India (PIB).
