Foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the fifth straight month, according to data from the National Securities Depository (NSDL).
FPIs bought Indian stocks worth Rs 7,936 crore, Rs 11,631 crore, Rs 43,838 crore, and Rs 47,148 crore in March, April, May, and June, respectively, data showed. In July too they have been firm and so far in the month infused funds worth Rs 30,660 crore. So far in 2023, foreign investors have put in Rs 107,067 crore in the Indian stock markets.
The foreign funds making their way into Indian stocks buoyed the broader market as the indices have been touching their respective fresh peaks every now and then. Notably, Sensex today too touched its all-time high of 66,311 points.
The latest fund inflows started after the recent banking crisis in the US, leading to the Silicon Valley Bank’s closure, among others, in March. Also, India’s strong economic outlook, as forecasted by various global agencies, seemed to have made a renewed appetite for domestic stocks.
