Foreign Institutional Investors (FII) have invested Rs 12,190 crore in last 10 days in the Indian equity market after remaining sellers in the last few months. However, Domestic Institutional Investors (DII) in the same period have sold stocks worth Rs 2,677 crore.
The increase in the amount of money coming into the market has helped benchmark indices to rise sharply and rupee to appreciate against the US.
"There is a complete reversal of FPI activity in the Indian stock market. FPI who were relentless sellers in the Indian market from October 2021 to June 2022 turned net buyers in July and the buying continues in August, so far. The change in FPI strategy has imparted strength to the recent market rally," said Dr V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The flows has turned positive in the Indian market nearly after nine months. Foreign investors invested around Rs 4,980 crore in July in the Indian equity markets. This comes after heavy sell-off by these entities of around Rs 50,203 crore in June.
According to the data NSDL data, investment of foreign investors in July month stood at Rs 4,989 crore, as compared to over Rs 50,000 crore outflows in June, Rs 39,993 crore in May and Rs 17,144 crore in April.
The domestic benchmark indices have also risen sharply during the last few days. The Sensex has risen more than 2500 points and Nifty rose 746.65 points in the last 10 days, and is now trading at 59,383.25 and 17,676.25, respectively, till writing of this story.
Experts said that the foreign investors have turned buyers in sectors like capital goods, FMCG, construction and power sectors.
Meanwhile, the rupee has also appreciated sharply after depreciating to a record low last month. At 1.30 p.m., in the interbank foreign exchange market, rupee is trading at 79.44 against the US dollar, up 8 paise from its previous close.
--IANS
manish/dpb
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app