Mumbai: Foreign investors invested Rs 13,424 crore in Indian markets so far in June in wake of improved risk-on sentiment amid falling COVID-19 cases and expectations of early opening of the economy.
Foreign Portfolio Investors (FPIs) pumped in Rs 15,520 crore in equities between June 1-11. However, at the same, they withdrew Rs 2,096 crore from the debt segment during the period under review.
The cumulative net inflow stood at Rs 13,424 crore, following a net withdrawal of Rs 2,666 crore in May and Rs 9,435 crore in April. Himanshu Srivastava, associate director – manager research, Morningstar India told PTI that the robust net inflows over the last two weeks could be due to the “improvement in investor sentiments on the back of consistently falling coronavirus cases in the country and hopes of an early opening of the economy.”
Overall, the MSCI Emerging Markets Index has lost 0.91 per cent this week, noted Shrikant Chouhan, executive vice president, equity technical research at Kotak Securities. Giving an overview of other emerging markets, he said Thailand, South Korea, Indonesia, and the Philippines saw month-to-date FPI inflows of $188 million, $140 million, $138 million, and $125 million, respectively. On the contrary, Taiwan saw month-to-date FPI outflows of $829 million.
